Scotiabank Remains a Buy on Canadian National Railway

By Carrie Williams

Canadian National Railway (TSX: CNR), the Services sector company was revisited on September 11, and remains undervalued for at least one analyst on the street. The company received a Buy on September 11 from Scotiabank’s analyst Turan Quettawala, with a C$115 price target.

According to TipRanks.com, Quettawala is a 3-star analyst with an average return of 1.4% and a 60.2% success rate. Quettawala covers the Services sector, focusing on stocks such as Union Pacific Corp, Canadian Railway, and Canadian Pacific.

Canadian National Railway has an analyst consensus of Moderate Buy, with a price target consensus of C$109.67.

Based on Canadian National Railway’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of C$3.33 billion and quarterly net profit of C$1.03 billion. In comparison, last year the company earned revenue of C$2.84 billion and had a net profit of C$858 million.

Canadian National Railway Co. is engaged in the rail and related transportation business. The company offers integrated transportation services: rail, intermodal, trucking, freight forwarding, warehousing, and distribution.

The company’s shares closed on Tuesday at C$99.66.