Analyst Ratings Coverage
Analyst ratings and target price actions for Canadian National Railway (CNR) as of October 25, 2023:
- Morningstar maintains a “Hold” rating for CNR. This “Hold” rating implies that Morningstar believes that the stock is fairly valued, and it is not significantly overvalued or undervalued.
- Desjardins Securities has upgraded their rating for CNR to “Buy.” A “Buy” rating suggests that Desjardins Securities has a positive outlook on CNR’s future performance and believes it presents a buying opportunity.
- J.P. Morgan Chase & Co has downgraded CNR’s target price, giving it a “Negative” rating. This “Negative” rating indicates a bearish stance and implies that J.P. Morgan Chase & Co expects CNR’s stock price to decrease or underperform.
- Barclays maintains an “Equal Weight” rating for CNR. An “Equal Weight” rating suggests that Barclays believes CNR’s performance will be in line with its industry peers. (woodlees.com)
- RBC has downgraded their rating for CNR to “Buy.” This suggests RBC maintains a positive view of CNR but has possibly adjusted their target price expectations downward.
- Raymond James maintains an “Outperform” rating for CNR. An “Outperform” rating indicates that Raymond James expects CNR to perform better than the broader market or its peers.
- Citigroup has upgraded their rating for CNR to “Neutral.” This suggests a more balanced perspective, where Citigroup may have previously had a more cautious stance but now sees CNR in a more neutral light.
- Scotia Capital maintains their “Sector Perform” rating for CNR. “Sector Perform” implies that Scotia Capital believes CNR will perform in line with its sector or industry.
CNR Stock Analysis
- Average Analyst Target Price: A consensus among 19 analysts suggests that the average target price for CNR over the next 12 months is CAD 166.25. This represents the price level they anticipate CNR shares will reach in the foreseeable future.
- Average Analyst Rating: The average analyst rating for CNR is “Buy.” This signifies that, collectively, analysts have a positive outlook on CNR’s future performance and believe it is a stock worth buying.
- Stock Target Advisor Analysis: According to Stock Target Advisor, their own analysis of CNR’s stock is “Bullish.” This assessment is based on the evaluation of 10 positive signals and 4 negative signals. The bullish rating implies that the stock is showing characteristics that suggest it may experience upward price movements.
- Recent Stock Price: As of the last closing, CNR’s stock price was CAD 144.99. This represents the most recent market value of CNR shares.
- Price Change Over Time:
- Over the past week, CNR’s stock price has decreased by -2.42%, indicating a short-term decline.
- Over the past month, there has been a -2.38% decrease in CNR’s stock price, suggesting a slight decline in the medium term.
- Over the last year, CNR’s stock price has experienced a -6.82% decrease. This indicates a longer-term decline in value.
These statistics provide a snapshot of CNR’s recent performance and the market’s sentiment towards the company. The “Buy” rating from analysts and the “Bullish” analysis from Stock Target Advisor suggest that there is optimism about CNR’s future prospects, despite the recent price declines.
