BMO Capital Markets Boosts Canadian National Railway (TSE:CNR) Price Target to C$169.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price increased by BMO Capital Markets from C$158.00 to C$169.00 in a research report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 11.78% from the company’s previous close.

A number of other analysts have also recently issued reports on CNR. ATB Cormark Capital Markets reduced their price objective on shares of Canadian National Railway from C$153.00 to C$146.00 and set a “sector perform” rating for the company in a research note on Monday, February 2nd. Desjardins dropped their target price on shares of Canadian National Railway from C$160.00 to C$156.00 and set a “buy” rating for the company in a report on Monday, February 2nd. National Bank Financial decreased their price target on Canadian National Railway from C$150.00 to C$147.00 and set a “sector perform” rating on the stock in a report on Monday, February 2nd. Scotiabank lowered their price objective on Canadian National Railway from C$163.00 to C$155.00 and set an “outperform” rating on the stock in a research report on Monday, February 2nd. Finally, JPMorgan Chase & Co. cut their target price on Canadian National Railway from C$149.00 to C$147.00 in a research report on Monday, February 2nd. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$152.00.

Canadian National Railway Stock Performance

Shares of CNR opened at C$151.19 on Thursday. The business has a 50-day simple moving average of C$138.01 and a two-hundred day simple moving average of C$134.22. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. Canadian National Railway has a 52 week low of C$126.11 and a 52 week high of C$152.12. The stock has a market cap of C$92.44 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 3.38 and a beta of 0.85.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Friday, January 30th. The company reported C$2.08 earnings per share (EPS) for the quarter. The company had revenue of C$4.46 billion during the quarter. Canadian National Railway had a return on equity of 27.10% and a net margin of 31.20%. On average, analysts expect that Canadian National Railway will post 8.2610275 EPS for the current year.

Canadian National Railway Company Profile

CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.