Analyst Ratings Coverage
Deutsche Bank (Rank#) issued a research report on Monday November 27th, and downgraded Canadian National Railway to a “Hold” rating from a previous “Buy” rating. The analyst also cut the 12 month target forecast on the stock to $165 per share.
CNR Stock Analysis
1. Average Analyst Target Price:
- Analysts have conducted a comprehensive analysis of Canadian National Railway Co, and the average target price is CAD 164.91 over the next 12 months. This target price reflects the consensus estimate among analysts regarding where they believe the stock price will be in the coming year.
2. Analyst Rating and Stock Analysis:
- The average analyst rating for Canadian National Railway Co is categorized as “Buy.” This designation suggests a positive sentiment among analysts regarding the future prospects of the company. Investors often pay attention to analyst ratings as they can influence market sentiment.
- Stock Target Advisor, in its independent analysis, holds a bullish outlook on Canadian National Railway Co. This bullish stance is based on 10 positive signals and 4 negative signals identified through their analysis. These signals could encompass various financial metrics, market trends, and other factors that influence stock performance.
3. Recent Stock Performance:
- At the last closing, the stock price of Canadian National Railway Co was CAD 157.24. This closing price serves as a reference point for investors and analysts to assess the stock’s current valuation.
- Over the past week, the stock price has changed by -0.57%, indicating a slight decrease in value during this short-term period.
- Looking at the past month, Canadian National Railway Co has experienced positive momentum with a significant increase of +8.70% in its stock price.
- However, over the last year, the stock price has seen a decline of -7.05%. This longer-term perspective provides context on the stock’s performance over a broader timeframe.
Final Analysis:
The Canadian National Railway Co stock forecast suggests an optimistic outlook, as indicated by the “Buy” rating and the bullish analysis from Stock Target Advisor. The average target price from analysts implies potential upside in the stock over the next 12 months. Investors and stakeholders will likely monitor the company’s performance closely, considering both the positive signals identified and the recent stock price movements, as they make investment decisions based on this information. It’s important to note that stock forecasts are subject to change based on evolving market conditions, company performance, and other relevant factors.
