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

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target cut by stock analysts at Scotiabank from C$166.00 to C$160.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 14.30% from the stock’s current price.

CNR has been the subject of several other reports. TD Securities upgraded Canadian National Railway from a “hold” rating to a “buy” rating and reduced their price target for the company from C$175.00 to C$170.00 in a research report on Monday, January 13th. UBS Group raised their price objective on shares of Canadian National Railway from C$172.00 to C$174.00 and gave the stock a “buy” rating in a research note on Friday. ATB Capital decreased their target price on shares of Canadian National Railway from C$159.00 to C$156.00 and set a “sector perform” rating for the company in a research note on Friday. Barclays dropped their price target on shares of Canadian National Railway from C$150.00 to C$145.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, 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. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, Canadian National Railway currently has an average rating of “Moderate Buy” and an average price target of C$158.79.

Canadian National Railway Price Performance

Shares of CNR opened at C$139.98 on Friday. The business’s 50-day moving average is C$138.84 and its two-hundred day moving average is C$146.18. The company 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. Canadian National Railway has a fifty-two week low of C$130.02 and a fifty-two week high of C$175.57. The company has a debt-to-equity ratio of 107.59, a quick ratio of 0.58 and a current ratio of 0.64.

Insider Transactions at Canadian National Railway

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder acquired 645 shares of the business’s stock in a transaction on 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. Insiders own 2.64% of the company’s stock.

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%).