Scotiabank Issues Positive Forecast for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI had its price objective boosted by investment analysts at Scotiabank from C$160.00 to C$165.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Scotiabank's target price would indicate a potential upside of 15.26% from the company's current price.

A number of other analysts have also recently commented on CNR. BMO Capital Markets cut their price objective on Canadian National Railway from C$175.00 to C$168.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Susquehanna upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. UBS Group boosted their price objective 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. ATB Capital cut their price objective on Canadian National Railway from C$159.00 to C$156.00 and set a "sector perform" rating for the company in a research report on Friday, May 2nd. Finally, CIBC boosted their price target on Canadian National Railway from C$146.00 to C$155.00 in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and five have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$159.79.

Canadian National Railway Stock Performance

TSE:CNR traded down C$0.59 during trading hours on Friday, reaching C$143.16. The company had a trading volume of 1,755,474 shares, compared to its average volume of 1,353,192. Canadian National Railway has a 1-year low of C$130.02 and a 1-year high of C$172.36. The firm has a market cap of C$89.69 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The business's 50 day moving average price is C$140.55 and its 200-day moving average price is C$144.54. The company has a debt-to-equity ratio of 107.59, a current ratio of 0.64 and a quick ratio of 0.58.

Insider Activity

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