Canadian National Railway (TSE:CNR) Stock Price Target Raised at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised Canadian National Railway’s price target from C$198 to C$200 and maintained an “outperform” rating, implying 12.75% upside from the prior close.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of C$184.74; several brokerages recently increased their targets.
• CNR shares rose 2.6% to C$177.38, while the company reported quarterly EPS of C$2.16 and revenue of C$4.77 billion, alongside a 26.42% net margin.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI had its price target lifted by stock analysts at Royal Bank Of Canada from C$198.00 to C$200.00 in a report issued on Monday, BayStreet reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's target price would suggest a potential upside of 12.75% from the stock's previous close.

Several other brokerages also recently commented on CNR. JPMorgan Chase & Co. lifted their target price on Canadian National Railway from C$175.00 to C$182.00 in a report on Monday, July 27th. Wells Fargo & Company increased their price target on Canadian National Railway from C$135.00 to C$145.00 and gave the company an "overweight" rating in a research note 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. Stephens upgraded Canadian National Railway to a "hold" rating in a report on Wednesday, July 8th. Finally, National Bank Financial upped their target price on Canadian National Railway from C$190.00 to C$194.00 and gave the company a "sector perform" rating in a report on Monday. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$184.74.

Canadian National Railway Trading Up 2.6%

Shares of CNR stock traded up C$4.57 during trading hours on Monday, hitting C$177.38. 377,371 shares of the company's stock traded hands, compared to its average volume of 1,567,564. The stock has a market cap of C$107.16 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 3.38 and a beta of 1.16. The stock's 50 day simple moving average is C$170.69 and its 200 day simple moving average is C$160.29. The company has a quick ratio of 0.57, a current ratio of 0.82 and a debt-to-equity ratio of 105.88. Canadian National Railway has a 12 month low of C$128.05 and a 12 month high of C$185.25.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI last posted its quarterly earnings data on Friday, October 30th. The company reported C$2.16 earnings per share for the quarter. The business had revenue of C$4.77 billion during the quarter. Canadian National Railway had a return on equity of 22.34% and a net margin of 26.42%. On average, sell-side analysts anticipate that Canadian National Railway will post 8.26 EPS 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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