Canadian National Railway (TSE:CNR) Stock Gets Price Target Reduction from Scotiabank

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price reduced by Scotiabank from C$199.00 to C$198.00 in a report issued on Thursday morning,BayStreet reports. They currently have a sector outperform rating on the stock.

Several other equities analysts have also commented on the company. Citizens Jmp raised Canadian National Railway to a “hold” rating in a research note on Wednesday, July 15th. National Bank Financial lowered their price target on Canadian National Railway from C$192.00 to C$190.00 and set a “sector perform” rating for the company in a report on Wednesday, September 23rd. Wells Fargo & Company raised their price objective on Canadian National Railway from C$135.00 to C$145.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Canadian Imperial Bank of Commerce raised their price objective on Canadian National Railway from C$185.00 to C$198.00 in a research report on Monday, July 27th. Finally, Desjardins boosted their price objective on shares of Canadian National Railway from C$185.00 to C$199.00 and gave the company a “buy” rating in a report on Monday, July 27th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$183.39.

Canadian National Railway Trading Up 0.5%

CNR opened at C$172.39 on Thursday. The stock has a market capitalization of C$104.14 billion, a PE ratio of 22.13, a P/E/G ratio of 3.38 and a beta of 1.16. Canadian National Railway has a one year low of C$128.05 and a one year high of C$185.25. The company has a debt-to-equity ratio of 103.26, a quick ratio of 0.57 and a current ratio of 0.87. The business’s 50 day moving average price is C$171.21 and its 200 day moving average price is C$166.11.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its earnings results on Friday, July 24th. The company reported C$2.08 earnings per share (EPS) for the quarter. The company had revenue of C$4.75 billion during the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%. As a group, equities research analysts expect that Canadian National Railway will post 8.26 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.