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National Bankshares Reiterates C$170.00 Price Target for Canadian National Railway (TSE:CNR)

Canadian National Railway logo with Industrials background

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI received a C$170.00 price target from equities researchers at National Bankshares in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price objective points to a potential upside of 18.36% from the company's previous close.

Several other research firms also recently commented on CNR. CIBC increased their price objective on Canadian National Railway from C$146.00 to C$155.00 in a research note on Thursday, May 22nd. BMO Capital Markets decreased their price target on shares of Canadian National Railway from C$175.00 to C$168.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Desjardins dropped their price objective on shares of Canadian National Railway from C$169.00 to C$160.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. JPMorgan Chase & Co. cut their price objective on shares of Canadian National Railway from C$170.00 to C$162.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Finally, Argus raised shares of Canadian National Railway to a "hold" rating in a research note on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Canadian National Railway currently has a consensus rating of "Moderate Buy" and an average target price of C$159.71.

View Our Latest Stock Report on Canadian National Railway

Canadian National Railway Stock Performance

TSE:CNR traded down C$0.03 during trading hours on Wednesday, reaching C$143.63. The company had a trading volume of 315,030 shares, compared to its average volume of 1,358,693. The company has a debt-to-equity ratio of 107.59, a current ratio of 0.64 and a quick ratio of 0.58. Canadian National Railway has a 1-year low of C$130.02 and a 1-year high of C$169.49. The business's 50 day moving average price is C$142.97 and its 200-day moving average price is C$143.12. The firm has a market cap of C$89.99 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65.

Insider Buying and Selling at Canadian National Railway

In other Canadian National Railway news, Director Susan C. Jones bought 1,461 shares of Canadian National Railway stock in a transaction dated Tuesday, May 6th. The stock was bought at an average cost of C$136.62 per share, for a total transaction of C$199,600.80. Also, Director Shauneen Elizabeth Bruder bought 627 shares of Canadian National Railway stock in a transaction dated Wednesday, June 25th. The stock was acquired at an average cost of C$139.47 per share, with a total value of C$87,448.44. Insiders own 2.64% of the company's stock.

About Canadian National Railway

(Get Free Report)

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%).

Further Reading

Analyst Recommendations for Canadian National Railway (TSE:CNR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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