JPMorgan Chase & Co. Issues Pessimistic Forecast for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective reduced by investment analysts at JPMorgan Chase & Co. from C$170.00 to C$162.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 15.73% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. UBS Group raised their target price on shares of Canadian National Railway from C$172.00 to C$174.00 and gave the company a “buy” rating in a report on Friday. TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and reduced their price objective for the company from C$175.00 to C$170.00 in a report on Monday, January 13th. Scotiabank lowered their target price on shares of 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. CIBC cut their price target on Canadian National Railway from C$162.00 to C$157.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 25th. Finally, Barclays decreased their price target on Canadian National Railway from C$160.00 to C$150.00 in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$158.79.

Canadian National Railway Price Performance

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

Insider Buying and Selling at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder purchased 645 shares of the business’s stock in a transaction dated Wednesday, March 26th. The stock was acquired 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 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%).