Canadian National Railway Gets a Buy Rating from Desjardins

By Ryan Adsit

Canadian National Railway (TSX: CNR), the Services sector company, was revisited by a Wall Street analyst today. The company received a Buy rating from Desjardins’ analyst Benoit Poirier, with a C$113 price target.

According to TipRanks.com, Poirier is ranked #250 out of 4771 analysts.

Canadian National Railway has an analyst consensus of Strong Buy, with a price target consensus of C$108.60.

Based on Canadian National Railway’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of C$3.29 billion and quarterly net profit of C$2.61 billion. In comparison, last year the company earned revenue of C$3.21 billion and had a net profit of C$884 million.

Canadian National Railway Co. is engages in rail and related transportation business. The company’s services include integrated transportation services: rail, intermodal, trucking, and supply chain services It offers movement of a diversified and balanced portfolio of goods including petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal and automotive. Canadian National Railway was founded on June 6, 1919 and is headquartered in Montreal, Canada.

The company’s shares closed on Friday at C$93.76, close to its 52-week low of C$90.84.