CN has proven its capacity to operate efficiently and produce at the bottom line. Based on our new estimates and an NAV (Atax, 8%) of $89.37 per share, we have increased our 12-month target price to $90.00 per share and upgraded our ranking to Outperform.

27 Jan 2016
4Q15 Adj. EPS of $1.18 Beats Consensus ($1.11)/ FCC ($1.09) Estimates, Operating Ratio of 57.2% Lower than Consensus (57.9%)/FCC (58.4%) Estimates
Canadian National Railway Company (CNR:TSE) | 0 0 (-0.4%) | Mkt Cap: 71,463m
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Steven I. Paget
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5 pages
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4Q15 Adj. EPS of $1.18 Beats Consensus ($1.11)/ FCC ($1.09) Estimates, Operating Ratio of 57.2% Lower than Consensus (57.9%)/FCC (58.4%) Estimates
Canadian National Railway Company (CNR:TSE) | 0 0 (-0.4%) | Mkt Cap: 71,463m
- Published:
27 Jan 2016 -
Author:
Steven I. Paget -
Pages:
5 -
CN has proven its capacity to operate efficiently and produce at the bottom line. Based on our new estimates and an NAV (Atax, 8%) of $89.37 per share, we have increased our 12-month target price to $90.00 per share and upgraded our ranking to Outperform.