Scotiabank Lowers Canadian National Railway (TSE:CNR) Price Target to C$166.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price decreased by Scotiabank from C$176.00 to C$166.00 in a research note released on Wednesday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

A number of other equities analysts also recently commented on the company. TD Securities upgraded Canadian National Railway from a “hold” rating to a “buy” rating and reduced their price objective for the stock from C$175.00 to C$170.00 in a research report on Monday, January 13th. CIBC reduced their price target on Canadian National Railway from C$162.00 to C$157.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. Barclays cut their price objective on shares of Canadian National Railway from C$160.00 to C$150.00 in a research report on Wednesday. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Loop Capital downgraded shares of Canadian National Railway from a “hold” rating to a “strong sell” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$167.86.

Canadian National Railway Stock Up 1.7 %

CNR stock 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 firm has a 50-day moving average of C$144.49 and a two-hundred day 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. The company has a market cap of C$89.93 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 3.38 and a beta of 0.65.

Insider Activity

In related news, Director Shauneen Elizabeth Bruder acquired 645 shares of Canadian National Railway stock in a transaction dated Wednesday, March 26th. The shares were acquired at an average cost of C$141.56 per share, for a total transaction of C$91,308.14. 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%).