Canadian National Railway: Scotia Capital Maintains Sector Perform Rating and $170 Target

Scotia Capital (Analyst Rank #8 of 352) released its rating and target price for Canadian National Railway. Scotia Capital maintained the “Sector Perform” on CNR’s stock, and maintained its 12 month target forecast of $170 per share.

Scotia Capital’s Sector Perform Rating

The “Sector Perform” rating is often used when the financial institution foresees the stock’s performance to be in sync with the age performance of its peers in the same sector. It signifies a relatively neutral stance, with Scotia Capital not foreseeing any extraordinary outperformance or underperformance compared to similar stocks.

Target Price of CAD 170

Accompanying the “Sector Perform” rating, Scotia Capital has set a target price of CAD 170 for the stock. The target price represents the price level at which Scotia Capital expects the stock to trade in the future. In this case, the target price of CAD 170 serves as a reference point for investors and traders, indicating where Scotia Capital believes the stock is fairly valued based on their analysis.

CNR Stock Analysis & Forecast

The average analyst target price for Canadian National Railway Co, based on forecasts from 20 analysts, is CAD 168.67 over the next 12 months. The company has an average analyst rating of “Buy.” Stock Target Advisor’s own analysis of Canadian National Railway Co is “Bullish,” supported by 10 positive signals and 4 negative signals. As of the last closing, the stock price was CAD 149.48, reflecting a -2.12% change over the past week, a -2.29% change over the past month, and a -0.53% change over the last year.

About CNR:

Canadian National Railway Company (CNR), is one of Canada’s largest and most prominent railway transportation companies. Established in 1919, CN has played a crucial role in shaping the country’s transportation infrastructure and connecting various regions of Canada, from the Atlantic to the Pacific coast.

Here are some key aspects and information about CNR:

1. Overview: CN is a Class I railroad that operates an extensive network of railroads, covering approximately 20,000 route miles in Canada and the United States. The company’s headquarters is located in Montreal, Quebec.
2. Scope of Operations: CNR’s rail network spans Canada and reaches into the central and southern United States. The railway is known for its vast coverage, making it a vital link in North American freight transportation.
3. Core Business: CNR primarily focuses on transporting a wide range of freight, including commodities like grain, oil, minerals, forest products, consumer goods, and industrial materials. Its diverse customer base includes industries such as agriculture, manufacturing, energy, and retail.
4. Intermodal Services: CNR offers intermodal services that involve the transportation of containers and trailers, allowing for seamless transfer between ships, trains, and trucks. This is particularly important for international trade and logistics.
5. Technological Advancements: CN has been at the forefront of adopting technology in its operations. It has invested in innovations like autonomous trains, precision railroading, and data analytics to enhance efficiency and safety.
6. Sustainability Initiatives: CN is committed to reducing its environmental impact and has undertaken several sustainability initiatives, such as investing in fuel-efficient locomotives, promoting energy conservation, and reducing greenhouse gas emissions.
7. Economic Impact: As one of Canada’s largest publicly traded companies, CNR plays a significant role in the country’s economy. It contributes to job creation, trade facilitation, and economic growth.
8. Safety and Compliance: CN places a strong emphasis on safety, adhering to strict regulatory standards and implementing safety measures to protect both its employees and the communities it serves.
9. Financial Performance: The company’s financial performance is closely monitored by investors and analysts. As of the latest available information, CNR has been rated favorably by analysts, with a “Buy” rating and a positive outlook.