Canadian National Railway (TSE:CNR) PT Set at C$163.00 by Royal Bank of Canada

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI has been assigned a C$163.00 price objective by Royal Bank of Canada in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Royal Bank of Canada's price objective indicates a potential upside of 13.39% from the company's previous close.

A number of other research analysts have also recently issued reports on the company. Susquehanna upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Barclays decreased their target price on Canadian National Railway from C$150.00 to C$145.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. National Bankshares decreased their target price on Canadian National Railway from C$176.00 to C$170.00 and set an "outperform" rating on the stock in a research report on Thursday, April 3rd. ATB Capital decreased their target price on Canadian National Railway from C$159.00 to C$156.00 and set a "sector perform" rating on the stock in a research report on Friday, May 2nd. Finally, UBS Group lifted their target price on Canadian National Railway from C$172.00 to C$174.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway has a consensus rating of "Moderate Buy" and a consensus price target of C$159.79.

Canadian National Railway Price Performance

Canadian National Railway stock traded down C$0.55 during midday trading on Thursday, reaching C$143.75. The company's stock had a trading volume of 681,420 shares, compared to its average volume of 1,349,501. Canadian National Railway has a 52 week low of C$130.02 and a 52 week high of C$173.59. 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 business has a 50-day moving average price of C$140.55 and a 200-day moving average price of C$144.60. The stock has a market cap of C$90.06 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65.

Insider Buying and Selling

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 645 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were purchased at an average cost of C$141.56 per share, with a total value of C$91,308.14. Also, Director Susan C. Jones purchased 1,461 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was acquired at an average cost of C$136.62 per share, for a total transaction of C$199,600.80. 2.64% of the stock is 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%).