Canadian National Railway (TSE:CNR) Given a C$200.00 Price Target at Stifel Nicolaus

Key Points

• Stifel Nicolaus maintained a “buy” rating on Canadian National Railway and set a C$200.00 price target, implying 13.71% upside from the current price.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” and an average price target of C$184.00, though some firms maintain “sector perform” ratings.
• Canadian National Railway shares recently traded at C$175.89, while the company reported C$2.08 in quarterly EPS, C$4.75 billion in revenue, and a 26.92% net margin.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI received a C$200.00 price target from Stifel Nicolaus in a research note issued on Tuesday, BayStreet reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus's price objective points to a potential upside of 13.71% from the stock's current price.

CNR has been the topic of a number of other research reports. Desjardins increased their target price 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. Scotia upped their price objective on Canadian National Railway from C$194.00 to C$199.00 and gave the company a "sector outperform" rating in a report on Monday, July 27th. Sanford C. Bernstein upped their price objective on Canadian National Railway from C$163.00 to C$196.00 in a report on Thursday, July 16th. National Bank Financial lowered their price objective on Canadian National Railway from C$192.00 to C$190.00 and set a "sector perform" rating on the stock in a research report on Wednesday, September 23rd. Finally, ATB Cormark Capital Markets lifted their target price on Canadian National Railway from C$166.00 to C$185.00 and gave the stock a "sector perform" rating in a report on Monday, July 27th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$184.00.

Canadian National Railway Stock Performance

Shares of TSE CNR traded up C$2.89 during mid-day trading on Tuesday, reaching C$175.89. 479,561 shares of the company were exchanged, compared to its average volume of 1,576,172. The company's 50-day simple moving average is C$170.90 and its 200-day simple moving average is C$159.37. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 103.26. The stock has a market capitalization of C$106.26 billion, a P/E ratio of 22.58, a P/E/G ratio of 3.38 and a beta of 1.16. Canadian National Railway has a twelve month low of C$128.05 and a twelve month high of C$185.25.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI last announced its quarterly earnings results on Friday, July 24th. The company reported C$2.08 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, research analysts predict that Canadian National Railway will post 8.26 earnings per share 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.

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