Barclays Issues Pessimistic Forecast for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price dropped by equities research analysts at Barclays from C$150.00 to C$145.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential upside of 3.59% from the company’s previous close.

Several other equities analysts also recently weighed in on CNR. JPMorgan Chase & Co. reduced their price target on Canadian National Railway from C$170.00 to C$162.00 and set an “overweight” rating for the company in a report on Friday. CIBC reduced their price objective on shares of Canadian National Railway from C$157.00 to C$146.00 in a research note on Friday. ATB Capital dropped their target price on shares of Canadian National Railway from C$159.00 to C$156.00 and set a “sector perform” rating on the stock in a research note on Friday. Raymond James downgraded shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and reduced their price target for the company from C$180.00 to C$150.00 in a research report on Tuesday, April 22nd. Finally, Royal Bank of Canada cut their target price on Canadian National Railway from C$171.00 to C$165.00 and set an “outperform” rating on the stock in a research note on Monday, March 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$158.79.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock opened at C$139.98 on Friday. Canadian National Railway has a 12 month low of C$130.02 and a 12 month high of C$175.57. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 107.59. The firm has a market capitalization of C$87.70 billion, a P/E ratio of 15.13, a P/E/G ratio of 3.38 and a beta of 0.65. The business has a fifty day simple moving average of C$138.84 and a two-hundred day simple moving average of C$146.18.

Insider Activity at Canadian National Railway

In related 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 bought at an average cost of C$141.56 per share, with a total value of C$91,308.14. 2.64% of the stock is currently 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%).