ATB Capital Has Lowered Expectations for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective lowered by equities researchers at ATB Capital from C$159.00 to C$156.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. ATB Capital’s target price indicates a potential upside of 11.44% from the company’s current price.

CNR has been the topic of several other research reports. National Bankshares reduced their price objective on Canadian National Railway from C$176.00 to C$170.00 and set an “outperform” rating on the stock in a report on Thursday, April 3rd. Scotiabank cut their price objective on shares of Canadian National Railway from C$176.00 to C$166.00 and set an “outperform” rating on the stock in a report on Wednesday, April 2nd. Barclays lowered their target price on shares of Canadian National Railway from C$160.00 to C$150.00 in a report on Wednesday, April 2nd. TD Securities raised Canadian National Railway from a “hold” rating to a “buy” rating and cut their price target for the company from C$175.00 to C$170.00 in a research note on Monday, January 13th. Finally, CIBC dropped their price objective on Canadian National Railway from C$157.00 to C$146.00 in a report on Friday. One research analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$158.79.

Canadian National Railway Trading Up 5.7 %

Shares of TSE CNR opened at C$139.98 on Friday. Canadian National Railway has a 1-year low of C$130.02 and a 1-year high of C$175.57. The company has a 50-day moving average of C$138.84 and a two-hundred day moving average of C$146.18. The company has a market cap of C$87.70 billion, a PE ratio of 15.13, a P/E/G ratio of 3.38 and a beta of 0.65. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 107.59.

Insider Activity at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder bought 645 shares of the company’s stock in a transaction dated Wednesday, March 26th. The stock was bought at an average price of C$141.56 per share, with a total value of C$91,308.14. 2.64% of the stock is owned by company 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%).