Analyst Rating Changes
RBC Capital (Rank#2) raised the 12-month target on the Canadian National Railway, announcing the investment’s firm’s upward revision of its 12-month target on Canadian National Railway, from CAD 161 to CAD 184. RBC Capital has also maintained its “Sector Perform” rating on the stock.
The new target of CAD 184 represents a substantial increase of CAD 23 compared to the previous target of CAD 161, reflecting RBC Capital’s optimistic outlook on CNR’s potential for growth. This revision may be interpreted by investors as a positive signal, indicating that RBC Capital believes CNR’s stock has the potential to generate higher returns in the near future.
RBC Capital’s decision to maintain its “Sector Perform” rating on CNR’s stock is noteworthy.as the rating that suggests the stock is expected to perform in line with the overall performance of its industry sector. This indicates that RBC Capital believes CNR’s stock will likely mirror the broader market trends for the transportation industry, neither underperforming nor outperforming its industry peers.
RBC Capital’s decision to raise the 12-month target on CNR’s stock to CAD 184 from CAD 161 and maintain its “Sector Perform” rating is significant news for investors as it reflects RBC Capital’s positive outlook on CNR’s potential for growth, and it may influence investor sentiment and market dynamics.
CNR Stock Forecast & Analysis
Based on the analysis of 22 analysts, the average target price for Canadian National Railway Co (CNR) is CAD 163.50 over the next 12 months. This suggests that despite RBC Capital’s recent revision to CAD 184, the overall consensus among analysts is slightly lower. The average analyst rating for CNR is “Hold,” indicating a neutral stance on the stock’s potential performance.
Stock Target Advisor’s analysis is “Bullish”, which is based on 10 positive signals and 3 negative signals, indicating a more positive sentiment towards the stock’s potential for growth.
At the last closing, CNR’s stock price was CAD 157.63. This implies that RBC Capital’s revised target of CAD 184 represents a substantial increase of CAD 26.37 from the current stock price, and a potential upside for investors if CNR were to reach that target.
CNR’s stock price has changed by +0.75% over the past week, -2.80% over the past month, and -2.11% over the last year.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
