ATB Capital Lowers Canadian National Railway (TSE:CNR) Price Target to C$159.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective dropped by equities researchers at ATB Capital from C$161.00 to C$159.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. ATB Capital’s price target indicates a potential upside of 15.75% from the company’s previous close.

Several other research firms also recently commented on CNR. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. CIBC cut their price target on Canadian National Railway from C$162.00 to C$157.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. Barclays lowered their price objective on shares of Canadian National Railway from C$160.00 to C$150.00 in a research report on Wednesday, April 2nd. TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and cut their price objective for the stock from C$175.00 to C$170.00 in a research report on Monday, January 13th. Finally, Royal Bank of Canada reduced their target price on shares of Canadian National Railway from C$171.00 to C$165.00 and set an “outperform” rating for the company in a research note on Monday, March 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$166.64.

Canadian National Railway Stock Performance

TSE CNR traded up C$3.57 during trading on Friday, reaching C$137.36. The company’s stock had a trading volume of 312,681 shares, compared to its average volume of 1,332,819. The business’s fifty day moving average price is C$142.04 and its 200-day moving average price is C$148.54. Canadian National Railway has a twelve month low of C$130.02 and a twelve month high of C$178.90. The company has a debt-to-equity ratio of 107.59, a quick ratio of 0.58 and a current ratio of 0.64. The firm has a market cap of C$86.06 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 3.38 and a beta of 0.65.

Insiders Place Their Bets

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 645 shares of the company’s stock in a transaction on Wednesday, March 26th. The shares were purchased 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 currently 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%).