Desjardins Issues Positive Forecast for Canadian National Railway (TSE:CNR) Stock Price

Key Points

• Desjardins raised Canadian National Railway’s price target from C$199 to C$200 and maintained a “buy” rating, implying 12.75% upside from the reported share price.
• Analyst sentiment is generally positive but mixed: Canadian National has a consensus “Moderate Buy” rating and an average target price of C$184.74, with three Strong Buy, eight Buy, and ten Hold ratings.
• The stock rose 2.6% to C$177.38, while the company reported quarterly EPS of C$2.16 and revenue of C$4.77 billion; its net margin was 26.42%.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI had its price target lifted by investment analysts at Desjardins from C$199.00 to C$200.00 in a report issued on Monday, BayStreet reports. The firm currently has a "buy" rating on the stock. Desjardins's price objective suggests a potential upside of 12.75% from the company's current price.

CNR has been the topic of several other reports. Stephens raised Canadian National Railway to a "hold" rating in a research note on Wednesday, July 8th. National Bank Financial upped their price objective on shares of Canadian National Railway from C$190.00 to C$194.00 and gave the stock a "sector perform" rating in a report on Monday. Susquehanna downgraded Canadian National Railway from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 14th. Stifel Nicolaus set a C$200.00 price objective on Canadian National Railway and gave the company a "buy" rating in a research note on Tuesday, October 27th. Finally, ATB Cormark Capital Markets increased 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 research note on Monday, July 27th. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Canadian National Railway currently has an average rating of "Moderate Buy" and a consensus target price of C$184.74.

Canadian National Railway Trading Up 2.6%

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

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