Canadian National Railway (CNR) was Downgraded to a Hold Rating at RBC Capital

By Austin Angelo

Canadian National Railway (CNRResearch Report), the Services sector company, has received a rating update from a Wall Street analyst today. Analyst Walter Spracklin from RBC Capital rated Canadian National Railway (CNRResearch Report) a Hold, setting a C$128 price target.

According to TipRanks.com, Spracklin is a top 100 analyst with an average return of 17.9% and a 74.7% success rate. Spracklin covers the Services sector, focusing on stocks such as Union Pacific Corp, Canadian Railway, and Canadian Pacific.

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Canadian National Railway has an analyst consensus of Hold, with a price target consensus of C$122.50.

Based on Canadian National Railway’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$3.81 billion and net profit of C$1.14 billion. In comparison, last year the company earned revenue of C$3.19 billion and had a net profit of C$741 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 Monday at C$126.22, close to its 52-week high of C$127.38.