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

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.

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

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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