Analyst Ratings Coverage
Bernstein Sanford (Rank#55) issued a research report on CNR’s stock, and maintained the “Outperform” Rating on the stock, and lowering the 12 month target forecast to $162 from $172 per share.
CNR Stock Analysis
The stock forecast for Canadian National Railway Co (CNR) is analyzed based on inputs from 19 financial analysts. This forecast provides valuable insights into the expected performance of CNR’s stock. Here’s a detailed breakdown of the information provided:
Average Analyst Target Price:
The average analyst target price for Canadian National Railway Co is CAD 164.91 over the next 12 months. This figure represents the consensus among analysts regarding the expected value of CNR’s stock in the coming year. The average target price is significantly higher than the current stock price, suggesting a positive outlook for the company.
Average Analyst Rating:
The average analyst rating for Canadian National Railway Co is “Buy.” This signifies that, on average, financial analysts recommend purchasing CNR’s stock. A “Buy” rating is generally seen as positive and indicates that analysts believe the stock has the potential for growth.
Stock Target Advisor’s Analysis:
Stock Target Advisor’s own analysis of Canadian National Railway Co is labeled as “Bullish.” This analysis considers a combination of signals, including both positive and negative indicators, to provide an overall assessment of the stock’s outlook.
10 Positive Signals:
The presence of 10 positive signals suggests that various factors are contributing to the bullish outlook. Unfortunately, the snippet does not provide specific details on these positive signals.
4 Negative Signals:
The existence of four negative signals indicates that there are also some concerns or challenges that may be affecting the stock’s performance. However, the snippet does not elaborate on these negative signals.
Recent Stock Performance:
As of the last closing, Canadian National Railway Co’s stock price was CAD 151.47. It’s crucial to note that stock prices are dynamic and can fluctuate regularly due to market conditions and investor sentiment. The snippet provides the stock’s price changes over different time frames:
+3.36% over the past week: This indicates that the stock has experienced a notable increase in price over the most recent week, suggesting short-term positive momentum.
+3.50% over the past month: The stock has continued to gain value over the past month, reflecting a positive trend.
-5.73% over the last year: Over the course of the last year, the stock has seen a decrease in value. Although it has made recent gains, this long-term performance shows a decline.
Final Stock Analysis
The stock forecast for Canadian National Railway Co is generally positive. The average target price provided by analysts suggests a favorable outlook for the stock, and analysts recommend buying it. Stock Target Advisor’s analysis is also bullish, indicating multiple positive signals. The stock has performed well over the past week and month, showing signs of short-term positive momentum, though it has experienced a decline over the past year. As with any investment, it’s essential for investors to conduct thorough research and consider these factors before making investment decisions.
