CIBC Cuts Canadian National Railway (TSE:CNR) Price Target to C$157.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective lowered by CIBC from C$162.00 to C$157.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

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

Canadian National Railway Stock Down 0.1 %

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 quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. Canadian National Railway has a twelve month low of C$135.06 and a twelve month high of C$180.12. The stock has a market capitalization 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.

Insider Buying and Selling

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 645 shares of the company’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.

Canadian National Railway Company Profile

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%).