Canadian National Railway (TSE:CNR) Price Target Cut to C$150.00 by Analysts at Barclays

Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI had its price objective reduced by Barclays from C$160.00 to C$150.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports.

CNR has been the topic of several other research reports. Loop Capital cut shares of Canadian National Railway from a "hold" rating to a "strong sell" rating in a research note on Monday, February 3rd. TD Securities raised shares of Canadian National Railway from a "hold" rating to a "buy" rating and lowered their target price for the stock from C$175.00 to C$170.00 in a report on Monday, January 13th. Evercore ISI upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Thursday, December 19th. Royal Bank of Canada dropped their price target on Canadian National Railway from C$171.00 to C$165.00 and set an "outperform" rating for the company in a research note on Monday, March 31st. Finally, JPMorgan Chase & Co. reaffirmed an "outperform" rating on shares of Canadian National Railway in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway currently has an average rating of "Moderate Buy" and a consensus price target of C$167.29.

Canadian National Railway Stock Performance

Shares of TSE CNR traded down C$2.37 during midday trading on Wednesday, hitting C$135.00. 2,633,683 shares of the stock traded hands, compared to its average volume of 1,316,597. The firm has a market capitalization of C$84.58 billion, a P/E ratio of 14.59, a PEG ratio of 3.38 and a beta of 0.65. Canadian National Railway has a one year low of C$131.92 and a one year high of C$180.12. The company has a debt-to-equity ratio of 107.59, a quick ratio of 0.58 and a current ratio of 0.64. The firm has a 50-day moving average of C$143.93 and a two-hundred day moving average of C$149.48.

Insider Transactions at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder acquired 645 shares of Canadian National Railway stock in a transaction that occurred on Wednesday, March 26th. The stock was purchased at an average price of C$141.56 per share, for a total transaction of C$91,308.14. 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%).