National Bank Financial Issues Pessimistic Forecast for Canadian National Railway (TSE:CNR) Stock Price

Key Points

• National Bank Financial lowered Canadian National Railway’s price target from C$192 to C$190 while maintaining a “sector perform” rating, implying roughly 12.25% upside from the reported C$169.26 share price.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of C$183.18. Several firms, including TD and RBC, recently raised their targets to C$205.
• Canadian National Railway reported quarterly EPS of C$2.08 on revenue of C$4.75 billion, alongside a 26.92% net margin and 22.19% return on equity.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI had its price objective lowered by equities researchers at National Bank Financial from C$192.00 to C$190.00 in a note issued to investors on Wednesday, BayStreet reports. The firm currently has a "sector perform" rating on the stock. National Bank Financial's price objective indicates a potential upside of 12.25% from the stock's current price.

Other research analysts also recently issued research reports about the company. TD boosted their price target 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. JPMorgan Chase & Co. upped their price target on Canadian National Railway from C$175.00 to C$182.00 in a research report on Monday, July 27th. Royal Bank Of Canada boosted their target price on shares of Canadian National Railway from C$195.00 to C$205.00 and gave the company an "outperform" rating in a report on Monday, July 27th. Scotia boosted their target price on shares of Canadian National Railway from C$194.00 to C$199.00 and gave the company a "sector outperform" rating in a research report on Monday, July 27th. Finally, Wells Fargo & Company upped their price objective on shares of Canadian National Railway from C$135.00 to C$145.00 and gave the stock an "overweight" rating in a report on Monday, July 27th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$183.18.

Canadian National Railway Trading Up 0.6%

Shares of CNR stock traded up C$1.00 on Wednesday, reaching C$169.26. The company had a trading volume of 427,555 shares, compared to its average volume of 1,641,474. The stock has a market cap of C$102.39 billion, a PE ratio of 21.73, a PEG ratio of 3.38 and a beta of 1.13. Canadian National Railway has a 12 month low of C$126.96 and a 12 month high of C$185.25. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 103.26. The company has a 50-day moving average of C$174.91 and a 200-day moving average of C$162.78.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI last released its earnings results on Friday, July 24th. The company reported C$2.08 earnings per share (EPS) for the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%.The firm had revenue of C$4.75 billion during the quarter. On average, equities analysts forecast that Canadian National Railway will post 8.2610275 earnings per share 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.

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