BMO Capital Markets Issues Positive Forecast for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target lifted by BMO Capital Markets from C$158.00 to C$169.00 in a report released on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 12.79% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. UBS Group downgraded Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. National Bank Financial lowered their price objective on shares of Canadian National Railway from C$150.00 to C$147.00 and set a “sector perform” rating for the company in a research note on Monday, February 2nd. Scotiabank cut their target price on shares of Canadian National Railway from C$163.00 to C$155.00 and set an “outperform” rating on the stock in a research note on Monday, February 2nd. Citigroup raised their price target on shares of Canadian National Railway from C$119.00 to C$120.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, Vertical Research upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 5th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$152.00.

Canadian National Railway Trading Up 1.4%

Shares of Canadian National Railway stock traded up C$2.09 on Thursday, reaching C$149.84. The company had a trading volume of 677,556 shares, compared to its average volume of 1,537,700. The firm’s 50 day moving average price is C$137.38 and its two-hundred day moving average price is C$133.95. The company has a debt-to-equity ratio of 107.59, a quick ratio of 0.58 and a current ratio of 0.64. Canadian National Railway has a 52-week low of C$126.11 and a 52-week high of C$152.12. The firm has a market cap of C$91.61 billion, a PE ratio of 19.79, a PEG ratio of 3.38 and a beta of 0.85.

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