Barclays Issues Pessimistic Forecast for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI had its price target lowered by equities research analysts at Barclays from C$145.00 to C$135.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Barclays's price objective would indicate a potential upside of 2.74% from the company's previous close.

Several other equities analysts also recently weighed in on CNR. UBS Group raised their price objective on Canadian National Railway from C$172.00 to C$174.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Citigroup dropped their price objective on Canadian National Railway from C$123.00 to C$121.00 and set a "buy" rating for the company in a research note on Wednesday. CIBC raised their price objective on Canadian National Railway from C$146.00 to C$155.00 in a research note on Thursday, May 22nd. Argus raised Canadian National Railway to a "hold" rating in a research note on Friday, June 27th. Finally, ATB Capital dropped their price objective on Canadian National Railway from C$156.00 to C$155.00 and set a "sector perform" rating for the company in a research note on Monday, July 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$155.79.

Canadian National Railway Price Performance

Shares of CNR traded up C$1.23 during mid-day trading on Wednesday, hitting C$131.40. The company's stock had a trading volume of 1,241,901 shares, compared to its average volume of 1,357,911. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 107.59. The firm has a 50-day simple moving average of C$142.13 and a 200 day simple moving average of C$142.31. The firm has a market capitalization of C$82.33 billion, a P/E 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 Transactions at Canadian National Railway

In other news, Director Susan C. Jones purchased 1,520 shares of the firm's stock in a transaction on 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 bought 7,600 shares of Canadian National Railway stock in a transaction that occurred on Thursday, July 24th. The stock was bought at an average price of C$131.40 per share, with a total value of C$998,624.04. Insiders have acquired 11,208 shares of company stock valued at $1,484,739 over the last 90 days. 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%).