Canadian National Railway (CNR), the Services sector company, was revisited by a Wall Street analyst yesterday. The company received a Buy rating from TD Securities’ analyst Cherilyn Radbourne, with a C$125 price target.
According to TipRanks.com, Radbourne is a 3-star analyst with an average return of 2.5% and a 51.5% success rate. Radbourne covers the Services sector, focusing on stocks such as Union Pacific Corp, Canadian Railway, and Canadian Pacific.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canadian National Railway with a C$120.67 average price target, representing a 17.2% upside. In a report issued on January 3, Stephens also upgraded the stock to Buy.
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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$3.29 billion and had a net profit of C$2.61 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 Monday at C$103.
