In a new note to investors today, an analyst has provided a rating update for the Services sector company, Canadian National Railway (CNR). Analyst Walter Spracklin from RBC Capital remains bullish on the stock and has a C$128 price target.
According to TipRanks.com, Spracklin is a top 100 analyst with an average return of 15.7% and a 68.2% success rate. Spracklin covers the Services sector, focusing on stocks such as Union Pacific Corp, Canadian Railway, and Canadian Pacific.
Read also: Analyst Remains Cautious on New Age Beverages (NBEV) Stock After Acquisition
Canadian National Railway has an analyst consensus of Moderate Buy, with a price target consensus of C$122.29, implying a 20.8% upside from current levels. In a report issued on December 3, Deutsche Bank also maintained a Buy rating on the stock.
.
Based on Canadian National Railway’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$3.69 billion and net profit of C$1.13 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 Monday at C$101.24.
