Canadian National Railway (TSE:CNR) Stock Has Consensus Price Target of C$182.76

Key Points

• Analysts maintain a Moderate Buy consensus on Canadian National Railway, with 9 buy, 3 strong-buy, and 8 hold ratings. The average 12-month price target is C$182.76, versus an opening price of C$171.14.
• Several brokerages raised their targets, including CIBC to C$198, Scotiabank to C$199, Barclays to C$185, and Wells Fargo to C$145, reflecting varied but generally supportive views.
• 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. Analysts expect full-year EPS of approximately C$8.26.

Shares of Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI have earned a consensus recommendation of "Moderate Buy" from the twenty brokerages that are presently covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$182.76.

Several analysts have commented on CNR shares. Wells Fargo & Company increased their price target on shares of Canadian National Railway from C$135.00 to C$145.00 and gave the company an "overweight" rating in a research report on Monday, July 27th. Canadian Imperial Bank of Commerce increased their price objective on Canadian National Railway from C$185.00 to C$198.00 in a report on Monday, July 27th. Scotia upped their target price on 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. Citizens Jmp upgraded Canadian National Railway to a "hold" rating in a research note on Wednesday, July 15th. Finally, Barclays raised their price target on Canadian National Railway from C$155.00 to C$185.00 and gave the stock an "equal weight" rating in a report on Monday, July 27th.

Canadian National Railway Stock Performance

TSE:CNR opened at C$171.14 on Wednesday. The company has a debt-to-equity ratio of 103.26, a current ratio of 0.87 and a quick ratio of 0.57. The company has a market cap of C$103.52 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 3.38 and a beta of 1.13. Canadian National Railway has a 1 year low of C$128.05 and a 1 year high of C$185.25. The stock's 50 day simple moving average is C$174.09 and its two-hundred day simple moving average is C$163.64.

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

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