Canadian National Railway (TSE:CNR) Cut to Hold at Raymond James Financial

Raymond James Financial downgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) from a moderate buy rating to a hold rating in a research report sent to investors on Monday morning, MarketBeat.com reports. Raymond James Financial currently has C$195.00 price target on the stock, down from their prior price target of C$200.00.

A number of other analysts also recently weighed in on the company. ATB Cormark Capital Markets lifted their price target on Canadian National Railway from C$166.00 to C$185.00 and gave the company a “sector perform” rating in a research note on Monday, July 27th. National Bank Financial cut their price objective on Canadian National Railway from C$192.00 to C$190.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 23rd. Scotia raised their price target on shares of Canadian National Railway from C$194.00 to C$199.00 and gave the stock a “sector outperform” rating in a research note on Monday, July 27th. BMO Capital Markets upped their target price on Canadian National Railway from C$180.00 to C$195.00 in a research note on Monday, July 27th. Finally, ATB Cormack increased their price target on shares of Canadian National Railway from C$185.00 to C$190.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 15th. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Canadian National Railway has a consensus rating of “Moderate Buy” and a consensus target price of C$183.11.

Canadian National Railway Price Performance

Canadian National Railway stock opened at C$171.53 on Monday. 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 business has a 50 day simple moving average of C$170.92 and a 200-day simple moving average of C$166.85. Canadian National Railway has a 12 month low of C$128.05 and a 12 month high of C$185.25. The stock has a market capitalization of C$103.62 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 3.38 and a beta of 1.16.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings data on Friday, July 24th. The company reported C$2.08 earnings per share for the quarter. The firm 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%. Equities analysts predict that Canadian National Railway will post 8.26 earnings per share for the current 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.