Analyst Ratings Coverage
On Thursday September 14th, Raymond James (Analyst Rank#2 of #350) issued a research report on Canadian National Railway’s stock. and Upgraded the stock to a “Outperform” rating from “Market Perform”. The analyst kept the 12 month target forecast unchanged at $180 per share.
CNR:TSX Stock Analysis & Forecast
Average Analyst Target Price
The Canadian National Railway Co. stock forecast, which aggregates insights from 20 different analysts, the average target price for CNR’s shares over the next 12 months is estimated to be CAD 167.41. This consensus target price represents the collective forecast of where the stock is expected to trade in the foreseeable future. It is shaped by various factors, including CNR’s financial performance, industry trends, and broader economic conditions.
Average Analyst Rating
The average analyst rating for Canadian National Railway Co is “Buy.” Analyst ratings typically range from “Strong Buy” to “Strong Sell,” and a “Buy” rating indicates that analysts believe the stock offers strong potential for future growth and performance. This suggests that CNR is anticipated to outperform the broader market or sector, according to expert opinion.
Stock Target Advisor’s Analysis
Stock Target Advisor, an independent stock analysis platform, characterizes Canadian National Railway Co’s stock as “Bullish,” signifying a notable degree of optimism about its prospects. This assessment is grounded in the platform’s evaluation of a combination of signals, including both positive and negative factors.
The “Bullish” classification is based on analyzing ten positive signals and four negative signals. These signals encompass a wide array of factors, such as financial data, market trends, and significant news events that could influence the stock’s performance.
Recent Stock Performance
Canadian National Railway Co’s stock price at the last closing was CAD 150.86. Examining its recent performance provides valuable insights into its market dynamics.
- Over the past week, the stock price has demonstrated resilience, with a positive change of +1.05%. This short-term gain suggests that the company has attracted investor interest and performed well in the midst of market fluctuations.
- Over the past month, CNR’s stock price has declined by -4.05%. This indicates that the stock has faced some headwinds in the medium term, which could be due to a variety of factors, including market sentiment and industry-specific challenges.
- Over the last year, the stock has shown modest growth, with a +4.93% increase in its price. This long-term performance suggests that CNR has delivered stable returns to its shareholders over the past year.
Interpreting the Analysis and Performance
The “Bullish” assessment from Stock Target Advisor signifies a high level of optimism regarding CNR’s future performance. However, it’s essential to acknowledge that there are also negative signals considered in this analysis, which can temper this bullish sentiment.
Canadian National Railway Co’s recent stock performance, while demonstrating resilience, has also seen some short-term declines. This is not unusual in the stock market, as stock prices can be influenced by various factors, including market sentiment, economic developments, and industry-specific challenges.
Final Analysis Summary & Stock Outlook
Canadian National Railway Co’s stock forecast and analysis, along with its recent performance, present a nuanced view of a company that holds promise in the transportation industry. The “Bullish” assessment indicates optimism, but it’s vital for investors to conduct thorough research, consider their own financial goals and risk tolerance, and stay informed about market developments. Investing in stocks involves both opportunities and risks, and a well-informed approach is key to navigating the dynamic world of investments successfully.