Analysts Raise Valuation Forecast on Canadian National Railway

Analysts Raise Valuation Forecast on Canadian National Railway

Analyst Ratings Coverage

Canadian National Railways Analysts Updates: Positive Outlook Amidst Economic Recovery

Canadian National Railways (CNR) Analysts at RBC and BMO Capital Markets have raised their price targets for Canadian National Railway’s stock. RBC’s (Rank #3) target increased to CAD 171, while BMO Capital Markets’(Rank #11) target rose to CAD 195, both as of April 1st, 2024. These upward revisions suggest a positive outlook for CNR’s stock performance according to these financial institutions.

CNR Stock Forecast & Analysis

According to the Canadian National Railway Co stock forecast provided by 19 analysts, the average analyst target price for the company is CAD 166.92 over the next 12 months. This suggests a bullish sentiment among analysts regarding CNR’s future performance. Additionally, the average analyst rating for Canadian National Railway Co is Buy, indicating a favorable outlook on the stock.

Stock Target Advisor, an independent stock analysis platform, has conducted its own analysis of Canadian National Railway Co’s stock. Their assessment categorizes the stock as Slightly Bullish, which is based on 9 positive signals and 5 negative signals identified within the company’s financial and market performance.

As of the last closing, Canadian National Railway Co’s stock price stood at CAD 178.37. Over the past week, the stock price has experienced a slight decline of -0.51%, while over the past month, it has shown a modest increase of +0.95%. However, looking at the broader picture, over the last year, the stock has demonstrated significant growth, with an impressive uptick of +11.85%.

These figures indicate that while there may be short-term fluctuations in CNR’s stock price, the overall trend suggests a positive trajectory, supported by both analyst forecasts and independent stock analysis. Investors may find reassurance in the consistent bullish sentiment surrounding Canadian National Railway Co, as it continues to navigate the dynamic landscape of the transportation industry.

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