Today, an analyst has provided a rating update for Canadian National Railway (CNR). The company received a Hold rating from CIBC’s analyst Kevin Chiang, with a C$118 price target.
According to TipRanks.com, Chiang is a 5-star analyst with an average return of 8.7% and a 60.2% success rate. Chiang covers the Services sector, focusing on stocks such as WestJet Airlines Ltd, Canadian Railway, and Canadian Pacific.
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Currently, the analyst consensus on Canadian National Railway is a Moderate Buy with an average price target of C$120.67, representing a 19.3% upside. In a report issued on December 19, National Bank also reiterated a Hold rating on the stock with a C$110 price target.
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Canadian National Railway’s market cap is currently C$73.76B and has a P/E ratio of 12.9. The company has a Price to Book ratio of 4.19.
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$101.11.
