Canadian National Railway (CNR) Receives a Buy from RBC Capital
Canadian National Railway (TSX: CNR), the Services sector company, was revisited by a Wall Street analyst on September 11. RBC Capital’s analyst Walter Spracklin reiterates their Buy rating on the shares, with a C$130 price target.
According to TipRanks.com, Spracklin is a top 100 analyst with an average return of 22.2% and a 80.0% success rate. Spracklin covers the Services sector, focusing on stocks such as Union Pacific Corp, Norfolk Southern, and CSX Corp.
Currently, the analyst consensus on Canadian National Railway is a Moderate Buy with an average price target of C$120.86.
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 Thursday at C$113.08.