Canadian National Railway (TSE:CNR) Price Target Lowered to C$150.00 at Barclays

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price cut by research analysts at Barclays from C$160.00 to C$150.00 in a research note issued on Wednesday,BayStreet.CA reports. Barclays‘s price target suggests a potential upside of 5.34% from the company’s current price.

Several other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. reaffirmed an “outperform” rating on shares of Canadian National Railway in a research report on Tuesday, January 7th. Loop Capital lowered shares of Canadian National Railway from a “hold” rating to a “strong sell” rating in a research report on Monday, February 3rd. TD Securities raised Canadian National Railway from a “hold” rating to a “buy” rating and cut their target price for the company from C$175.00 to C$170.00 in a research report on Monday, January 13th. Scotiabank lowered their target price on Canadian National Railway from C$180.00 to C$178.00 in a report on Thursday, January 30th. Finally, Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Canadian National Railway presently has an average rating of “Moderate Buy” and an average target price of C$167.86.

Canadian National Railway Trading Up 0.9 %

Shares of CNR stock traded up C$1.30 during mid-day trading on Wednesday, reaching C$142.40. The stock had a trading volume of 288,650 shares, compared to its average volume of 1,275,827. The firm has a market capitalization of C$89.22 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The stock’s 50-day moving average price is C$144.63 and its two-hundred day moving average price is C$149.96. Canadian National Railway has a 52-week low of C$135.06 and a 52-week high of C$180.12. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 107.59.

Insider Buying and Selling at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder acquired 645 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The shares were acquired at an average cost of C$141.56 per share, with a total value of C$91,308.14. Company insiders own 2.64% of the company’s stock.

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%).