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 research note issued to investors on Friday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other brokerages also recently issued reports on CNR. Barclays reduced their price target on Canadian National Railway from C$160.00 to C$150.00 in a research report on Wednesday, April 2nd. CIBC reduced their target price 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. Royal Bank of Canada decreased their price target on Canadian National Railway from C$171.00 to C$165.00 and set an “outperform” rating on the stock in a research report on Monday, March 31st. 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. Finally, Scotiabank decreased their target price on shares of Canadian National Railway from C$176.00 to C$166.00 and set an “outperform” rating on the stock in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, Canadian National Railway has a consensus rating of “Moderate Buy” and an average price target of C$166.64.

Canadian National Railway Stock Performance

TSE CNR opened at C$138.53 on Friday. The firm has a 50-day moving average price of C$141.89 and a two-hundred day moving average price of C$148.31. Canadian National Railway has a 12-month low of C$130.02 and a 12-month high of C$178.90. The company has a market capitalization of C$86.79 billion, a P/E ratio of 14.98, a P/E/G 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.

Insider Buying and Selling at Canadian National Railway

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 645 shares of Canadian National Railway stock in a transaction on Wednesday, March 26th. The shares were purchased at an average cost of C$141.56 per share, with a total value of C$91,308.14. Corporate insiders own 2.64% of the company’s stock.

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%).