Canadian National Railway (TSE:CNR) Given New C$157.00 Price Target at CIBC

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

A number of other research analysts also recently weighed in on the company. Loop Capital downgraded Canadian National Railway from a “hold” rating to a “strong sell” rating in a report on Monday, February 3rd. Scotiabank cut their price objective on shares of Canadian National Railway from C$180.00 to C$178.00 in a research report on Thursday, January 30th. Barclays reduced their price target on shares of Canadian National Railway from C$162.00 to C$160.00 in a research report on Friday, January 17th. Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Finally, TD Securities upgraded shares of 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 note on Monday, January 13th. 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 given a strong buy rating to the company. According to MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and an average target price of C$170.43.

Canadian National Railway Stock Down 0.7 %

Shares of TSE CNR opened at C$140.34 on Tuesday. The firm’s fifty day moving average is C$145.20 and its 200 day moving average is C$150.57. 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 quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. The company has a market cap of C$87.93 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 3.38 and a beta of 0.65.

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%).