Canadian National Railway (TSE:CNR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Canadian National Railway (TSE:CNR) (NYSE:CNI) has earned a consensus recommendation of “Moderate Buy” from the twenty brokerages that are presently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$183.29.

Several analysts have weighed in on CNR shares. Stephens raised Canadian National Railway to a “hold” rating in a research report on Wednesday, July 8th. Raymond James Financial increased their target price on Canadian National Railway from C$198.00 to C$200.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Sanford C. Bernstein raised their target price on Canadian National Railway from C$163.00 to C$196.00 in a research note on Thursday, July 16th. Barclays lifted their price target on Canadian National Railway from C$155.00 to C$185.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. Finally, Desjardins upped their price target on Canadian National Railway from C$185.00 to C$199.00 and gave the stock a “buy” rating in a research note on Monday, July 27th.

Canadian National Railway Trading Down 0.2%

TSE CNR opened at C$175.51 on Tuesday. The firm has a market cap of C$106.17 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 3.38 and a beta of 1.19. Canadian National Railway has a 1-year low of C$126.11 and a 1-year high of C$185.25. The stock has a 50-day moving average of C$173.54 and a 200-day moving average of C$157.82. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 103.26.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Friday, July 24th. The company reported C$2.08 EPS for the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%.The business had revenue of C$4.75 billion for the quarter. As a group, sell-side analysts forecast that Canadian National Railway will post 8.2610275 EPS for the current year.

About Canadian National Railway

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.