Canadian National Railway (TSE:CNR) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on Canadian National Railway, with nine buy, three strong-buy, and eight hold ratings. The average one-year price target is C$183.29.
• Several brokerages recently raised their targets, including TD to C$205, Raymond James to C$200, and BMO Capital Markets to C$195.
• Canadian National Railway reported quarterly EPS of C$2.08 on C$4.75 billion in revenue, with a 26.92% net margin and 22.19% return on equity.

Shares of Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI have been given a consensus recommendation of "Moderate Buy" by the twenty ratings firms that are currently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$183.29.

Several brokerages have recently issued reports on CNR. BMO Capital Markets upped their target price on shares of Canadian National Railway from C$180.00 to C$195.00 in a report on Monday, July 27th. ATB Cormark Capital Markets lifted their price target on shares of 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. Raymond James Financial boosted their price target on shares of Canadian National Railway from C$198.00 to C$200.00 and gave the company an "outperform" rating in a research report on Monday, July 27th. 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 research note on Monday, July 27th. Finally, Scotiabank upped their price objective on shares of Canadian National Railway from C$162.00 to C$194.00 in a research note on Thursday, July 16th.

Canadian National Railway Price Performance

Shares of TSE CNR opened at C$170.58 on Friday. The stock's 50-day simple moving average is C$176.11 and its 200-day simple moving average is C$161.20. The firm has a market capitalization of C$103.18 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 3.38 and a beta of 1.19. Canadian National Railway has a fifty-two week low of C$126.11 and a fifty-two week high of C$185.25. The company has a debt-to-equity ratio of 103.26, a quick ratio of 0.57 and a current ratio of 0.87.

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