In a latest note to investors, a research analyst has provided a rating update for the Services sector company, Canadian National Railway (TSX: CNR). Yesterday, analyst Kevin Chiang gave a Hold rating to CNR and set a C$115 price target.
Chiang has an average return of 6.2% when recommending Canadian National Railway.
According to TipRanks.com, Chiang is ranked #451 out of 4829 analysts.
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Canadian National Railway has an analyst consensus of Moderate Buy, with a price target consensus of C$108.33.
Based on Canadian National Railway’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$3.19 billion and net profit of C$741 million. In comparison, last year the company earned revenue of C$3.21 billion and had a net profit of C$884 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 Tuesday at C$107.57, close to its 52-week high of C$110.35.
