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

Key Points

• TD raised its price target for Canadian National Railway from C$205 to C$211 and maintained a “buy” rating, implying 18.95% upside from the prior close.
• Analyst sentiment remains positive overall, with MarketBeat reporting a consensus “Moderate Buy” rating and an average price target of C$184.74.
• CNR shares rose 2.6% to C$177.38, while the company’s latest quarter included C$2.16 in EPS and C$4.77 billion in revenue.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI had its price target boosted by TD from C$205.00 to C$211.00 in a note issued to investors on Monday, BayStreet reports. The brokerage presently has a "buy" rating on the stock. TD's target price would indicate a potential upside of 18.95% from the company's previous close.

CNR has been the topic of a number of other reports. Scotiabank reduced 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. Barclays increased their price objective on shares of Canadian National Railway from C$155.00 to C$185.00 and gave the stock an "equal weight" rating in a research report on Monday, July 27th. Sanford C. Bernstein raised their target price on shares of Canadian National Railway from C$163.00 to C$196.00 in a research note on Thursday, July 16th. Royal Bank Of Canada lifted their target price on shares of Canadian National Railway from C$198.00 to C$200.00 and gave the company an "outperform" rating in a report on Monday. Finally, Wells Fargo & Company upped their price target on shares of 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 equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$184.74.

Canadian National Railway Trading Up 2.6%

CNR stock traded up C$4.57 during trading on Monday, reaching C$177.38. 377,371 shares of the stock traded hands, compared to its average volume of 1,567,564. The business's 50 day moving average price is C$170.69 and its 200-day moving average price is C$160.29. Canadian National Railway has a 52-week low of C$128.05 and a 52-week high of C$185.25. The company has a debt-to-equity ratio of 105.88, a current ratio of 0.82 and a quick ratio of 0.57. The firm has a market capitalization of C$107.16 billion, a PE ratio of 22.77, a P/E/G ratio of 3.38 and a beta of 1.16.

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