CIBC Cuts Canadian National Railway (TSE:CNR) Price Target to C$157.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective reduced by stock analysts at CIBC from C$162.00 to C$157.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price target would indicate a potential upside of 9.91% from the company’s previous close.

Several other analysts have also recently weighed in on CNR. JPMorgan Chase & Co. restated an “outperform” rating on shares of Canadian National Railway in a research report on Tuesday, January 7th. Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Loop Capital lowered 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. Finally, Scotiabank dropped their target price on shares of Canadian National Railway from C$180.00 to C$178.00 in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, Canadian National Railway presently has a consensus rating of “Moderate Buy” and a consensus price target of C$170.43.

Canadian National Railway Stock Up 1.8 %

Canadian National Railway stock opened at C$142.84 on Tuesday. Canadian National Railway has a twelve month low of C$135.06 and a twelve month 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 firm has a 50 day moving average price of C$145.17 and a 200-day moving average price of C$150.51. The company has a market capitalization of C$89.49 billion, a P/E ratio of 15.44, a P/E/G 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%).