Top25-SA-Banner

Canadian National Railway (CNR) Receives a Hold from CIBC


In a latest note to investors, a research analyst has provided a rating update for the Services sector company, Canadian National Railway (TSX: CNR). Analyst Kevin Chiang from CIBC rated Canadian National Railway (TSX: CNR) a Hold today, setting a C$120 price target.

Chiang has an average return of 5.1% when recommending Canadian National Railway.

According to TipRanks.com, Chiang is ranked #364 out of 4878 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$122.25, representing a 5.5% upside. In a report issued on September 25, Barclays also maintained a Hold rating on the stock with a C$115 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$3.33 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 Friday at C$115.90, close to its 52-week high of C$118.29.