Canadian National Railway (TSE:CNR) Downgraded by Raymond James to “Market Perform”

Raymond James cut shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) from an outperform rating to a market perform rating in a report published on Tuesday morning,BayStreet.CA reports. They currently have C$150.00 price objective on the stock, down from their previous price objective of C$180.00.

Several other analysts also recently commented on CNR. JPMorgan Chase & Co. reaffirmed an “outperform” rating on shares of Canadian National Railway in a report on Tuesday, January 7th. Royal Bank of Canada lowered their price target on shares of Canadian National Railway from C$171.00 to C$165.00 and set an “outperform” rating on the stock in a report on Monday, March 31st. Scotiabank reduced their price objective on Canadian National Railway from C$176.00 to C$166.00 and set an “outperform” rating for the company in a research note on Wednesday, April 2nd. TD Securities raised Canadian National Railway from a “hold” rating to a “buy” rating and decreased their price objective for the company from C$175.00 to C$170.00 in a report on Monday, January 13th. Finally, ATB Capital dropped their target price on Canadian National Railway from C$161.00 to C$159.00 and set a “sector perform” rating on the stock in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$164.50.

Canadian National Railway Trading Down 1.2 %

Canadian National Railway stock opened at C$134.91 on Tuesday. The stock has a 50-day moving average price of C$140.53 and a 200 day moving average price of C$147.33. The company has a market capitalization of C$84.52 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 52 week low of C$130.02 and a 52 week high of C$178.50. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59.

Insiders Place Their Bets

In other news, Director Shauneen Elizabeth Bruder acquired 645 shares of the firm’s stock in a transaction on Wednesday, March 26th. The shares were bought at an average price of C$141.56 per share, for a total transaction of C$91,308.14. 2.64% of the stock is owned by company insiders.

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%).