Analyst Coverage: (Canadian National Railway)
- Susquehanna International Group maintains a “Hold” rating with a target price of CAD 142.
- UBS has raised its target price to CAD 202, indicating a positive outlook.
- TD Securities maintains a “Buy” rating with a target price of CAD 190.
- RBC rates the stock as “Sector Perform” with a target price of CAD 172.
- CIBC World Markets maintains a “Neutral” rating with a target price of CAD 183.
- Scotia Capital also rates the stock as “Sector Perform” with a target price of CAD 184.
CNR Stock Forecast & Analysis
Canadian National Railway Co (CNR) is currently under the scrutiny of 21 analysts, who collectively foresee a promising trajectory for the company. The average analyst target price for CNR over the next 12 months stands at CAD 172.15, reflecting a positive sentiment regarding its future performance. This consensus underscores the confidence analysts have in CNR’s ability to deliver value to its investors over the coming year.
The average analyst rating for Canadian National Railway Co is “Buy,” indicating a general consensus among analysts that the stock is a favorable investment opportunity. Analysts have conducted in-depth assessments of CNR’s financial health, market position, and growth prospects, leading to this optimistic rating.
Stock Target Advisor, an independent analysis platform, shares this bullish sentiment, providing further validation of CNR’s potential. Their analysis, based on a combination of positive and negative signals, leans towards a bullish outlook, reinforcing the notion that CNR may be poised for growth.
As of the last closing, Canadian National Railway Co’s stock price was CAD 176.79. While it experienced a slight increase of +0.52% over the past week, it dipped by -1.39% over the past month. However, zooming out to a broader timeframe, CNR has demonstrated resilience and growth, with a notable uptick of +6.16% over the last year. This long-term positive trend suggests stability and potential for further appreciation in value.
In summary, the analysis of Canadian National Railway Co’s stock paints a picture of confidence and optimism among analysts and independent evaluators. With a consensus “Buy” rating, a promising target price, and a history of sustained growth, CNR appears to be a compelling investment opportunity for those eyeing the transportation and logistics sector.
