Sanford C. Bernstein Lowers Canadian National Railway (TSE:CNR) Price Target to C$148.00

Key Points

• Sanford C. Bernstein has lowered the price target for Canadian National Railway (TSE:CNR) from C$149.00 to C$148.00, suggesting a potential upside of 13.43% from its previous close.
• Other analysts, including BMO Capital Markets and CIBC, have also reduced their target prices for CNR, with a consensus price target now standing at C$152.93.
• Despite recent downgrades, Canadian National Railway's stock has a majority of ratings categorized as "Moderate Buy," with two analysts rating it as Strong Buy.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI had its price objective decreased by equities researchers at Sanford C. Bernstein from C$149.00 to C$148.00 in a report released on Tuesday,BayStreet.CA reports. Sanford C. Bernstein's price target suggests a potential upside of 13.43% from the company's previous close.

Several other analysts also recently issued reports on CNR. BMO Capital Markets cut their target price on shares of Canadian National Railway from C$168.00 to C$163.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Evercore ISI downgraded shares of Canadian National Railway from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 23rd. CIBC lowered their target price on shares of Canadian National Railway from C$148.00 to C$140.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 23rd. TD Securities decreased their price target on shares of Canadian National Railway from C$168.00 to C$165.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Finally, National Bank Financial cut shares of Canadian National Railway from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$152.93.

Canadian National Railway Price Performance

Shares of TSE:CNR traded down C$0.26 on Tuesday, reaching C$130.48. 500,700 shares of the company traded hands, compared to its average volume of 1,511,487. The company's 50 day moving average is C$130.38 and its 200-day moving average is C$137.22. 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 fifty-two week low of C$126.11 and a fifty-two week high of C$160.88. The stock has a market capitalization of C$81.45 billion, a PE ratio of 18.00, a P/E/G ratio of 3.38 and a beta of 0.93.

Insider Activity at Canadian National Railway

In other news, Director Susan C. Jones acquired 1,520 shares of the company's stock in a transaction dated Thursday, July 24th. The stock was bought at an average price of C$130.96 per share, with a total value of C$199,065.28. Also, Director Shauneen Elizabeth Bruder acquired 7,600 shares of the company's stock in a transaction dated Thursday, July 24th. The shares were purchased at an average cost of C$131.40 per share, with a total value of C$998,624.04. Company 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%).

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