ATB Capital Cuts Canadian National Railway (TSE:CNR) Price Target to C$159.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target cut by ATB Capital from C$161.00 to C$159.00 in a report released on Friday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other research analysts 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. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. TD Securities raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and cut their price objective for the stock from C$175.00 to C$170.00 in a research report on Monday, January 13th. JPMorgan Chase & Co. reaffirmed an “outperform” rating on shares of Canadian National Railway in a research report on Tuesday, January 7th. Finally, CIBC cut 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$166.64.

Canadian National Railway Trading Up 3.5 %

Shares of CNR stock opened at C$138.53 on Friday. Canadian National Railway has a fifty-two week low of C$130.02 and a fifty-two week high of C$178.90. The company has a debt-to-equity ratio of 107.59, a quick ratio of 0.58 and a current ratio of 0.64. The stock has a 50 day simple moving average of C$141.89 and a two-hundred day simple moving average of C$148.31. The company has a market cap of C$86.79 billion, a P/E ratio of 14.98, a PEG ratio of 3.38 and a beta of 0.65.

Insider Activity at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder purchased 645 shares of the business’s stock in a transaction that occurred on 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. 2.64% of the stock is currently owned by insiders.

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%).