Canadian National Railway (TSE:CNR) Downgraded by Evercore ISI to Hold

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI was downgraded by Evercore ISI from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other research analysts also recently weighed in on CNR. TD Securities cut their price target on Canadian National Railway from C$168.00 to C$165.00 and set a "buy" rating on the stock in a research note on Wednesday. Argus raised Canadian National Railway to a "hold" rating in a research note on Friday, June 27th. JPMorgan Chase & Co. downgraded Canadian National Railway from an "outperform" rating to a "neutral" rating and increased their price target for the company from C$154.00 to C$163.00 in a research note on Wednesday. Desjardins cut their price target on Canadian National Railway from C$169.00 to C$160.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Royal Bank Of Canada cut their price target on Canadian National Railway from C$161.00 to C$157.00 and set an "outperform" rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$155.79.

Canadian National Railway Trading Up 0.9%

Shares of CNR stock traded up C$1.23 during trading hours on Wednesday, reaching C$131.40. The company had a trading volume of 1,241,901 shares, compared to its average volume of 1,357,911. The company has a 50 day moving average of C$142.13 and a 200 day moving average of C$142.31. The company has a debt-to-equity ratio of 107.59, a current ratio of 0.64 and a quick ratio of 0.58. The firm has a market cap of C$82.33 billion, a price-to-earnings ratio of 14.21, a P/E/G ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 1-year low of C$129.90 and a 1-year high of C$164.53.

Insider Buying and Selling

In other Canadian National Railway news, Director Susan C. Jones purchased 1,520 shares of the company's stock in a transaction dated Thursday, July 24th. The stock was bought at an average cost of C$130.96 per share, for a total transaction of C$199,065.28. Also, Director Shauneen Elizabeth Bruder acquired 7,600 shares of the stock in a transaction on Thursday, July 24th. The shares were purchased at an average price of C$131.40 per share, with a total value of C$998,624.04. In the last 90 days, insiders have bought 11,208 shares of company stock valued at $1,484,739. Corporate 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%).