Royal Bank of Canada Lowers Canadian National Railway (TSE:CNR) Price Target to C$165.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective lowered by Royal Bank of Canada from C$171.00 to C$165.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages also recently issued reports on CNR. Loop Capital downgraded shares of Canadian National Railway from a “hold” rating to a “strong sell” rating in a research report on Monday, February 3rd. CIBC lowered 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 report on Tuesday, March 25th. Barclays reduced their target price on Canadian National Railway from C$162.00 to C$160.00 in a report on Friday, January 17th. Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. reiterated an “outperform” rating on shares of Canadian National Railway in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$169.43.

Canadian National Railway Stock Up 0.4 %

TSE CNR opened at C$140.04 on Monday. The business’s 50-day moving average is C$144.78 and its 200 day moving average is C$150.02. The stock has a market capitalization of C$87.74 billion, a PE ratio of 15.14, a PEG ratio of 3.38 and a beta of 0.65. The company has a debt-to-equity ratio of 107.59, a current ratio of 0.64 and a quick ratio of 0.58. Canadian National Railway has a 1 year low of C$135.06 and a 1 year high of C$180.12.

Insider Buying and Selling at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder acquired 645 shares of Canadian National Railway stock in a transaction dated Wednesday, March 26th. The stock was 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 owned by corporate 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%).