Barclays Cuts Canadian National Railway (TSE:CNR) Price Target to C$150.00

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

A number of other equities analysts have also weighed in on CNR. Evercore ISI upgraded 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 note on Monday, February 3rd. Scotiabank lowered their price objective on Canadian National Railway from C$180.00 to C$178.00 in a research report on Thursday, January 30th. Royal Bank of Canada decreased their target price on Canadian National Railway from C$171.00 to C$165.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, TD Securities upgraded Canadian National Railway from a “hold” rating to a “buy” rating and dropped their price target for the stock from C$175.00 to C$170.00 in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$167.86.

Canadian National Railway Stock Up 1.7 %

CNR stock opened at C$143.53 on Wednesday. The business’s 50-day moving average price is C$144.49 and its 200-day moving average price is C$149.91. The stock has a market cap of C$89.93 billion, a P/E ratio of 15.52, a PEG ratio of 3.38 and a beta of 0.65. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. Canadian National Railway has a twelve month low of C$135.06 and a twelve month high of C$180.12.

Insider Buying and Selling

In related news, Director Shauneen Elizabeth Bruder purchased 645 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The shares were bought at an average price of C$141.56 per share, for a total transaction of C$91,308.14. 2.64% of the stock is currently owned by company 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%).