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

Key Points

• Scotia raised Canadian National Railway’s price target from C$198 to C$200 while maintaining a “sector perform” rating, implying 12.75% potential upside.
• Analyst sentiment remains broadly positive, with MarketBeat reporting a consensus “Moderate Buy” rating and an average price target of C$184.74.
• Shares rose to C$177.38 during Monday trading. The company most recently reported C$2.16 in quarterly EPS on C$4.77 billion in revenue, with a 26.42% net margin.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI had its price target hoisted by research analysts at Scotia from C$198.00 to C$200.00 in a research note issued on Monday, BayStreet reports. The firm presently has a "sector perform" rating on the stock. Scotia's price objective indicates a potential upside of 12.75% from the stock's current price.

Other analysts also recently issued reports about the company. Barclays raised their target price on Canadian National Railway from C$155.00 to C$185.00 and gave the stock an "equal weight" rating in a research note on Monday, July 27th. Royal Bank Of Canada reduced their price target on Canadian National Railway from C$205.00 to C$198.00 and set an "outperform" rating on the stock in a report on Thursday, September 24th. Scotiabank lowered their price target on shares of Canadian National Railway from C$199.00 to C$198.00 and set a "sector outperform" rating on the stock in a research report on Thursday, October 15th. TD upped their price objective on shares of Canadian National Railway from C$191.00 to C$205.00 and gave the company a "buy" rating in a report on Monday, July 27th. Finally, Stephens upgraded shares of Canadian National Railway to a "hold" rating in a research report on Wednesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Canadian National Railway presently has a consensus rating of "Moderate Buy" and a consensus price target of C$184.74.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock traded up C$4.57 during trading hours on Monday, reaching C$177.38. 377,371 shares of the company's stock were exchanged, compared to its average volume of 1,567,564. Canadian National Railway has a 1 year low of C$128.05 and a 1 year high of C$185.25. The company has a market capitalization of C$107.16 billion, a P/E ratio of 22.77, a price-to-earnings-growth ratio of 3.38 and a beta of 1.16. The business has a fifty day moving average of C$170.69 and a two-hundred day moving average of 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 (TSE:CNR - Get Free Report) NYSE: CNI last announced its quarterly earnings data on Friday, October 30th. The company reported C$2.16 EPS for the quarter. The firm had revenue of C$4.77 billion for the quarter. Canadian National Railway had a return on equity of 22.34% and a net margin of 26.42%. As a group, research analysts predict that Canadian National Railway will post 8.26 earnings per share for the current fiscal 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.

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.