JPMorgan Chase & Co. Cuts Canadian National Railway (TSE:CNR) Price Target to C$147.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective trimmed by JPMorgan Chase & Co. from C$149.00 to C$147.00 in a report released on Monday,BayStreet.CA reports.

CNR has been the topic of several other reports. Vertical Research upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Cibc Captl Mkts raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. ATB Capital cut their price objective on shares of Canadian National Railway from C$153.00 to C$146.00 and set a “sector perform” rating on the stock in a research report on Monday. Royal Bank Of Canada reduced their target price on shares of Canadian National Railway from C$158.00 to C$153.00 and set an “outperform” rating for the company in a research note on Thursday, December 18th. Finally, CIBC lifted their price target on Canadian National Railway from C$151.00 to C$154.00 in a research note on Thursday, January 8th. Three research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Canadian National Railway presently has a consensus rating of “Moderate Buy” and an average price target of C$151.60.

Canadian National Railway Stock Performance

CNR stock opened at C$135.23 on Monday. Canadian National Railway has a 1-year low of C$126.11 and a 1-year high of C$152.12. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 107.59. The firm has a market cap of C$82.97 billion, a PE ratio of 17.86, a P/E/G ratio of 3.38 and a beta of 0.85. The business’s 50-day moving average price is C$135.65 and its two-hundred day moving average price is C$133.09.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Friday, January 30th. The company reported C$2.08 earnings per share (EPS) for the quarter. Canadian National Railway had a return on equity of 27.10% and a net margin of 31.20%.The company had revenue of C$4.46 billion during the quarter. As a group, research analysts forecast that Canadian National Railway will post 8.2610275 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.