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

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective reduced by Barclays from C$160.00 to C$150.00 in a report issued on Wednesday morning,BayStreet.CA reports.

A number of other equities research analysts also recently issued reports on the stock. CIBC reduced their price objective on shares of Canadian National Railway from C$162.00 to C$157.00 and set a “neutral” rating for the company in a research report on Tuesday, March 25th. Loop Capital downgraded Canadian National Railway from a “hold” rating to a “strong sell” rating in a research report on Monday, February 3rd. Scotiabank reduced their price objective on Canadian National Railway from C$180.00 to C$178.00 in a research note on Thursday, January 30th. JPMorgan Chase & Co. reissued an “outperform” rating on shares of Canadian National Railway in a report on Tuesday, January 7th. Finally, TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and dropped their target price for the company from C$175.00 to C$170.00 in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and a consensus target price of C$167.29.

Canadian National Railway Price Performance

Shares of TSE:CNR opened at C$137.37 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 107.59. The stock has a market cap of C$86.07 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The stock’s fifty day simple moving average is C$143.93 and its two-hundred day simple moving average is C$149.63. Canadian National Railway has a 1-year low of C$135.06 and a 1-year high of C$180.12.

Insider Activity at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder bought 645 shares of the business’s stock in a transaction on Wednesday, March 26th. The stock was acquired at an average price of C$141.56 per share, with a total value 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%).