Wall Street analyst has provided a review for the Services company on October 8, but retained the same rating on the stock. Desjardins’ analyst Benoit Poirier reiterates their Buy rating on the shares of Canadian National Railway (TSX: CNR), with a C$127 price target.
Poirier has an average return of 9.3% when recommending Canadian National Railway.
According to TipRanks.com, Poirier is ranked #154 out of 4897 analysts.
Read also: Why This Analyst Just Threw Cold Water on New Age Beverages (NBEV) Stock
Currently, the analyst consensus on Canadian National Railway is a Moderate Buy with an average price target of C$124, a 13.0% upside from current levels. In a report issued on September 27, Scotiabank also reiterated a Buy rating on the stock with a C$125 price target.
.
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$3.22 billion and had a net profit of C$958 million.
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 Thursday at C$109.77.
