Canadian National Railway (TSX: CNR), the Services sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. Analyst Turan Quettawala from Scotiabank reiterated a Buy rating, with a C$122 price target.
According to TipRanks.com, Quettawala is a 3-star analyst with an average return of 4.0% and a 65.0% success rate. Quettawala covers the Services sector, focusing on stocks such as Union Pacific Corp, Norfolk Southern, and CSX Corp.
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Currently, the analyst consensus on Canadian National Railway is a Moderate Buy with an average price target of C$116.43, representing a -0.3% downside. In a report issued on July 11, RBC Capital also reiterated a Buy rating on the stock with a C$115 price target.
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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$3.33 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 Wednesday at C$116.74, close to its 52-week high of C$116.99.
