Brokerages Set Canadian National Railway (TSE:CNR) Target Price at C$164.50

Shares of Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI have been given an average recommendation of "Moderate Buy" by the nineteen brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and four have given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$164.50.

A number of research firms recently weighed in on CNR. Raymond James downgraded shares of Canadian National Railway from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from C$180.00 to C$150.00 in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. reissued an "outperform" rating on shares of Canadian National Railway in a research note on Tuesday, January 7th. Scotiabank decreased their price objective on Canadian National Railway from C$176.00 to C$166.00 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd. Loop Capital lowered Canadian National Railway from a "hold" rating to a "strong sell" rating in a research note on Monday, February 3rd. Finally, ATB Capital reduced their target price on Canadian National Railway from C$161.00 to C$159.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th.

Insider Buying and Selling

In related news, Director Shauneen Elizabeth Bruder purchased 645 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was purchased 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 corporate insiders.

Canadian National Railway Trading Up 0.4 %

TSE:CNR traded up C$0.54 on Wednesday, hitting C$135.16. 164,080 shares of the stock were exchanged, compared to its average volume of 1,297,301. The company has a debt-to-equity ratio of 107.59, a quick ratio of 0.58 and a current ratio of 0.64. Canadian National Railway has a 52 week low of C$130.02 and a 52 week high of C$175.57. The stock has a market capitalization of C$84.68 billion, a price-to-earnings ratio of 14.61, a P/E/G ratio of 3.38 and a beta of 0.65. The company's 50-day moving average price is C$139.97 and its 200 day moving average price is C$146.93.

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%).