ATB Cormack Forecasts Strong Price Appreciation for Canadian National Railway (TSE:CNR) Stock

Key Points

• ATB Cormack raised Canadian National Railway’s price target from C$185 to C$190 while maintaining a “sector perform” rating, implying 11.1% potential upside from the prior close.
• Analyst sentiment remains generally positive, with MarketBeat reporting an average “Moderate Buy” rating and a consensus target of C$183.39, though some firms have downgraded or maintained hold ratings.
• CN shares rose 0.1% to C$171.01, while the company reported C$2.08 in quarterly EPS, C$4.75 billion in revenue, a 26.92% net margin, and a 22.19% return on equity.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI had its price objective hoisted by research analysts at ATB Cormack from C$185.00 to C$190.00 in a report released on Thursday, BayStreet reports. The brokerage presently has a "sector perform" rating on the stock. ATB Cormack's target price points to a potential upside of 11.10% from the company's previous close.

Several other research firms have also issued reports on CNR. Susquehanna lowered Canadian National Railway from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th. National Bank Financial dropped their price objective 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. Desjardins upped their price objective on 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. ATB Cormark Capital Markets increased their target price on Canadian National Railway from C$166.00 to C$185.00 and gave the company a "sector perform" rating in a research note on Monday, July 27th. Finally, Scotia raised their target price on Canadian National Railway from C$194.00 to C$199.00 and gave the stock a "sector outperform" rating in a report on Monday, July 27th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$183.39.

Canadian National Railway Trading Up 0.1%

Shares of TSE:CNR traded up C$0.23 during trading on Thursday, hitting C$171.01. 317,095 shares of the company's stock were exchanged, compared to its average volume of 1,598,521. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 103.26. The firm has a market cap of C$103.31 billion, a P/E ratio of 21.95, a PEG ratio of 3.38 and a beta of 1.16. The firm has a 50-day moving average price of C$171.40 and a two-hundred day moving average price of C$165.85. Canadian National Railway has a 1-year low of C$128.05 and a 1-year high of C$185.25.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI last announced its quarterly earnings data on Friday, July 24th. The company reported C$2.08 earnings per share for the quarter. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.19%. The business had revenue of C$4.75 billion for the quarter. Equities analysts predict that Canadian National Railway will post 8.26 earnings per share 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.

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