Canadian National Railway (TSE:CNR) Given New C$153.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reduced its target price for Canadian National Railway from C$154.00 to C$153.00, maintaining a "neutral" rating.
• Market analysts have generally lowered their price targets for Canadian National Railway, with consensus estimates currently averaging C$151.36, indicating a "Moderate Buy" rating.
• Insider trading activity showed notable purchases, with Director Susan C. Jones and Shauneen Elizabeth Bruder acquiring shares at prices around C$130.96 and C$131.40, respectively.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI had its target price decreased by equities researchers at JPMorgan Chase & Co. from C$154.00 to C$153.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 13.81% from the company's previous close.

A number of other equities analysts have also commented on CNR. National Bankshares lowered shares of Canadian National Railway from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from C$170.00 to C$150.00 in a research report on Wednesday, July 23rd. TD Securities reduced their target price on shares of Canadian National Railway from C$168.00 to C$165.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Barclays reduced their target price on shares of Canadian National Railway from C$145.00 to C$135.00 in a research report on Wednesday, July 23rd. Desjardins reduced their price objective on shares of Canadian National Railway from C$155.00 to C$151.00 and set a "buy" rating for the company in a research note on Monday. Finally, BMO Capital Markets lowered their target price on Canadian National Railway from C$168.00 to C$163.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Canadian National Railway presently has a consensus rating of "Moderate Buy" and a consensus target price of C$151.36.

Canadian National Railway Trading Down 0.6%

Canadian National Railway stock traded down C$0.81 during midday trading on Wednesday, reaching C$134.44. The stock had a trading volume of 561,041 shares, compared to its average volume of 1,508,052. 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 52-week low of C$126.11 and a 52-week high of C$160.88. The firm has a market cap of C$83.92 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 3.38 and a beta of 0.92. The company has a fifty day moving average of C$130.56 and a 200 day moving average of C$136.97.

Insiders Place Their Bets

In other news, Director Susan C. Jones acquired 1,520 shares of the business's stock in a transaction on Thursday, July 24th. The stock was bought at an average price of C$130.96 per share, with a total value of C$199,065.28. Also, Director Shauneen Elizabeth Bruder acquired 7,600 shares of the business's stock in a transaction on Thursday, July 24th. The stock was purchased at an average cost of C$131.40 per share, with a total value of C$998,624.04. 2.64% of the stock is currently owned by 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%).

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