Canadian National Railway (TSE:CNR) Price Target Cut to C$157.00 by Analysts at CIBC

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price decreased by CIBC from C$162.00 to C$157.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

CNR has been the topic of a number of other research reports. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Scotiabank dropped their price objective on Canadian National Railway from C$180.00 to C$178.00 in a research report on Thursday, January 30th. TD Securities upgraded Canadian National Railway from a “hold” rating to a “buy” rating and decreased their target price for the company from C$175.00 to C$170.00 in a research report on Monday, January 13th. Barclays lowered their target price on Canadian National Railway from C$162.00 to C$160.00 in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. restated an “outperform” rating on shares of Canadian National Railway in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$170.43.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock opened at C$142.70 on Tuesday. The company has a 50 day moving average of C$145.09 and a 200-day moving average of C$150.40. The company has a market cap of C$89.41 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 107.59. Canadian National Railway has a 1-year low of C$135.06 and a 1-year high of C$180.12.

Insider Buying and Selling

In other news, Director Shauneen Elizabeth Bruder acquired 645 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The stock was bought at an average cost of C$141.56 per share, for a total transaction of C$91,308.14. 2.64% of the stock is owned by insiders.

About Canadian National Railway

Canadian National’s railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2019, CN delivered almost 6 million carloads over its 19,600 miles of track. CN generated roughly CAD 14 billion in total revenue by hauling intermodal containers (25% of consolidated revenue), petroleum and chemicals (21%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (6%), and coal (4%).