Canadian National Railway (TSE:CNR) Price Target Lowered to C$198.00 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada lowered Canadian National Railway’s price target to C$198 from C$205 while maintaining an “outperform” rating, implying approximately 16.26% upside from the reported share price.
• Analyst sentiment remains positive overall, with the stock carrying a “Moderate Buy” consensus rating and an average price target of C$182.76.
• Canadian National Railway reported quarterly EPS of C$2.08 on revenue of C$4.75 billion; shares traded at C$170.31, with a market capitalization of about C$103.02 billion.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI had its target price decreased by investment analysts at Royal Bank Of Canada from C$205.00 to C$198.00 in a report released on Thursday, BayStreet reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's target price would indicate a potential upside of 16.26% from the stock's current price.

Several other analysts have also commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Canadian National Railway from C$175.00 to C$182.00 in a research report on Monday, July 27th. Raymond James Financial raised their price target on shares of Canadian National Railway from C$198.00 to C$200.00 and gave the stock an "outperform" rating in a research note on Monday, July 27th. TD upped their price objective on Canadian National Railway from C$191.00 to C$205.00 and gave the company a "buy" rating in a research note on Monday, July 27th. Desjardins increased 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. Finally, Wells Fargo & Company raised their target price 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. 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$182.76.

Canadian National Railway Stock Performance

Canadian National Railway stock traded up C$1.69 during mid-day trading on Thursday, reaching C$170.31. 534,116 shares of the company's stock were exchanged, compared to its average volume of 1,638,898. The business's fifty day simple moving average is C$174.80 and its 200 day simple moving average is C$162.91. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 103.26. Canadian National Railway has a one year low of C$127.32 and a one year high of C$185.25. The firm has a market capitalization of C$103.02 billion, a PE ratio of 21.86, a P/E/G ratio of 3.38 and a beta of 1.13.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI last announced its earnings results on Friday, July 24th. The company reported C$2.08 earnings per share (EPS) for the quarter. The firm 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%. On average, sell-side analysts expect that Canadian National Railway will post 8.2610275 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.