Canadian National Railway (TSE:CNR) Downgraded by Raymond James Financial to Hold

Key Points

• Raymond James downgraded Canadian National Railway to “hold” from “moderate buy” and lowered its price target to C$195 from C$200, implying 14.67% potential upside.
• Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy” and an average price target of C$183.11, supported by three Strong Buy, eight Buy, and nine Hold ratings.
• CNR shares rose 0.3% to C$170.06, while the company reported quarterly EPS of C$2.08 on C$4.75 billion in revenue; analysts forecast full-year EPS of C$8.26.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI was downgraded by equities researchers at Raymond James Financial from a "moderate buy" rating to a "hold" rating in a research note issued to investors on Monday, MarketBeat Ratings reports. They presently have a C$195.00 target price on the stock, down from their prior target price of C$200.00. Raymond James Financial's target price would indicate a potential upside of 14.67% from the company's previous close.

Several other equities analysts have also recently weighed in on the stock. Stephens upgraded shares of Canadian National Railway to a "hold" rating in a research report on Wednesday, July 8th. Barclays increased their target price on Canadian National Railway from C$155.00 to C$185.00 and gave the company an "equal weight" rating in a report on Monday, July 27th. Canadian Imperial Bank of Commerce raised their target price on Canadian National Railway from C$185.00 to C$198.00 in a research report on Monday, July 27th. Evercore upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 25th. Finally, Sanford C. Bernstein lifted their price target on Canadian National Railway from C$163.00 to C$196.00 in a report on Thursday, July 16th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$183.11.

Canadian National Railway Trading Up 0.3%

Shares of CNR traded up C$0.43 during midday trading on Monday, hitting C$170.06. The stock had a trading volume of 50,131 shares, compared to its average volume of 1,587,495. The business has a 50-day simple moving average of C$171.11 and a two-hundred day simple moving average of C$166.47. The firm has a market cap of C$102.73 billion, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 3.38 and a beta of 1.16. 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 has a fifty-two week low of C$128.05 and a fifty-two week high of C$185.25.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI last released its quarterly earnings results on Friday, July 24th. The company reported C$2.08 earnings per share (EPS) for the quarter. The business had revenue of C$4.75 billion for the quarter. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.19%. As a group, equities analysts forecast 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.