Canadian National Railway (TSE:CNR) Given a C$163.00 Price Target at Royal Bank of Canada

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI has been given a C$163.00 target price by analysts at 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 target indicates a potential upside of 13.39% from the company's previous close.

A number of other research analysts have also weighed in on CNR. UBS Group increased their price target on Canadian National Railway from C$172.00 to C$174.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Scotiabank reduced their price target on Canadian National Railway from C$166.00 to C$160.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. National Bankshares reduced their price target on Canadian National Railway from C$176.00 to C$170.00 and set an "outperform" rating on the stock in a research note on Thursday, April 3rd. Susquehanna raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, CIBC increased their price target on Canadian National Railway from C$146.00 to C$155.00 in a research note on Thursday, May 22nd. 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 five have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$159.79.

Canadian National Railway Price Performance

CNR stock traded down C$0.55 on Thursday, reaching C$143.75. The company had a trading volume of 681,420 shares, compared to its average volume of 1,349,501. Canadian National Railway has a 1 year low of C$130.02 and a 1 year high of C$173.59. 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 company's fifty day moving average is C$140.50 and its 200 day moving average is C$144.67. The company has a market cap of C$90.06 billion, a P/E ratio of 15.54, a PEG ratio of 3.38 and a beta of 0.65.

Insider Transactions at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder purchased 645 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was purchased at an average cost of C$141.56 per share, for a total transaction of C$91,308.14. Also, Director Susan C. Jones purchased 1,461 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average price of C$136.62 per share, with a total value of C$199,600.80. Insiders own 2.64% of the company's stock.

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%).