Canadian National Railway Co Stock Forecast:
Based on the Canadian National Railway Co (CNR:TSX)(CNR:CA) stock forecasts from 18 analysts, the average analyst target price for Canadian National Railway Co is CAD 167.98 over the next 12 months. Canadian National Railway Co’s average analyst rating is Under-perform. Stock Target Advisor’s own stock analysis of Canadian National Railway Co is Bullish , which is based on 10 positive signals and 2 negative signals. At the last closing, Canadian National Railway Co’s stock price was CAD 165.91. Canadian National Railway Co’s stock price has changed by -0.44% over the past week, +1.36% over the past month and +8.02% over the last year.
Analysts Coverage Change:
J.P. Morgan Chase & Co has raised the target price to CAD 168 from CAD 167 for Canadian National Railway Co. and maintains the company with a “Hold” rating.
Cowen assigns a target price of CAD 164.5 for the stock with a “Market Perform” rating.
Scotiabank Capital maintains a “Sector Perform” rating, with a target price of CAD 167 on the company’s stock.
TD Securities maintains their “Buy” rating for the stock with a target price of CAD 190.
It’s worth noting that Analyst ratings and target prices can change over time, and these ratings and prices should not be considered as a buy or sell recommendation. It’s important to conduct your own research and make investment decisions based on your own financial situation and risk tolerance.
Canadian National Railway Co. News:
Canadian National Railway (CNR:TSX) warned of potential challenges in 2023, despite reporting strong earnings growth for Q4 2022.
The Montreal-based company announced a 23% YoY increase in Q4 earnings, reaching $1.42 billion, compared to $1.2 billion in Q4 2021. CNI also reported Q4 revenues of $4.54 billion, a 21% increase from the previous year. The railroad attributed the increase in revenue to higher fuel surcharge income, the positive impact of a weaker Canadian dollar, increased freight rates, and higher volumes of U.S. grain.
For the full year 2022, CNI’s net income was $5.12 billion, up from $4.90 billion in 2021.