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

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

A number of other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. reissued an “outperform” rating on shares of Canadian National Railway in a research report on Tuesday, January 7th. Loop Capital cut Canadian National Railway from a “hold” rating to a “strong sell” rating in a research report on Monday, February 3rd. TD Securities upgraded Canadian National Railway from a “hold” rating to a “buy” rating and lowered their price objective for the company from C$175.00 to C$170.00 in a research note on Monday, January 13th. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, CIBC lowered 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 report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$167.86.

Canadian National Railway Price Performance

CNR opened at C$143.53 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 company has a market cap of C$89.93 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The stock has a fifty day simple moving average of C$144.49 and a two-hundred day simple moving average of C$149.91. Canadian National Railway has a 12-month low of C$135.06 and a 12-month high of C$180.12.

Insider Buying and Selling at Canadian National Railway

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