In a latest note to investors, a research analyst has provided a rating update for the Services sector company, Canadian National Railway (TSX: CNR). On September 27, analyst Turan Quettawala gave a Buy rating to CNR and set a C$125 price target.
According to TipRanks.com, Quettawala is a 4-star analyst with an average return of 4.6% and a 64.8% success rate. Quettawala covers the Services sector, focusing on stocks such as Union Pacific Corp, Norfolk Southern, and CSX Corp.
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Canadian National Railway has an analyst consensus of Moderate Buy, with a price target consensus of C$122.63, implying a 5.8% upside from current levels. In a report issued on September 12, TD Securities also reiterated a Buy rating on the stock with a C$130 price target.
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Canadian National Railway’s market cap is currently C$85.05B and has a P/E ratio of 15.4. The company has a Price to Book ratio of 4.90.
Canadian National Railway Co. is engages in rail and related transportation business. The company’s services include integrated transportation services: rail, intermodal, trucking, and supply chain services It offers movement of a diversified and balanced portfolio of goods including petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal and automotive. Canadian National Railway was founded on June 6, 1919 and is headquartered in Montreal, Canada.
The company’s shares closed on Friday at C$115.90, close to its 52-week high of C$118.29.
