CIBC Lowers Canadian National Railway (TSE:CNR) Price Target to C$146.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target dropped by equities researchers at CIBC from C$157.00 to C$146.00 in a research note issued on Friday,BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 4.30% from the company’s current price.

A number of other research firms also recently issued reports on CNR. Loop Capital downgraded shares of Canadian National Railway from a “hold” rating to a “strong sell” rating in a research report on Monday, February 3rd. ATB Capital cut their target price on shares of 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. Scotiabank lowered their target price on Canadian National Railway from C$176.00 to C$166.00 and set an “outperform” rating for the company in a report on Wednesday, April 2nd. Barclays cut their price target on Canadian National Railway from C$160.00 to C$150.00 in a report on Wednesday, April 2nd. Finally, Royal Bank of Canada lowered their price objective on Canadian National Railway from C$171.00 to C$165.00 and set an “outperform” rating for the company in a research note on Monday, March 31st. One equities 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$158.79.

Canadian National Railway Stock Performance

CNR stock opened at C$139.98 on Friday. The stock’s 50 day simple moving average is C$138.84 and its 200 day simple moving average is C$146.18. Canadian National Railway has a 12-month low of C$130.02 and a 12-month high of C$175.57. The firm has a market cap 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 company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 107.59.

Insider Buying and Selling at Canadian National Railway

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder acquired 645 shares of Canadian National Railway stock in a transaction dated Wednesday, March 26th. The stock was 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 currently owned by corporate 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%).