Wall Street analyst has provided a review for the Services company yesterday, but retained the same rating on the stock. Analyst Brandon Oglenski from Barclays rated Canadian National Railway (TSX: CNR) a Hold, setting a C$115 price target.
According to TipRanks.com, Oglenski is a 4-star analyst with an average return of 9.1% and a 62.1% success rate. Oglenski covers the Services sector, focusing on stocks such as Knight Transportation, Kansas City Southern, and Union Pacific Corp.
Read also: Why This Analyst Just Threw Cold Water on New Age Beverages (NBEV) Stock
Canadian National Railway has an analyst consensus of Moderate Buy, with a price target consensus of C$121.75.
Based on Canadian National Railway’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$3.63 billion and net profit of C$1.31 billion. In comparison, last year the company earned revenue of C$3.33 billion and had a net profit of C$1.03 billion.
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 Tuesday at C$113.97, close to its 52-week high of C$118.29.
