UBS Group Increases Canadian National Railway (TSE:CNR) Price Target to C$174.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price upped by equities researchers at UBS Group from C$172.00 to C$174.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 24.30% from the stock’s previous close.

A number of other equities analysts have also commented on CNR. TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and dropped their price objective for the stock from C$175.00 to C$170.00 in a research note on Monday, January 13th. Barclays decreased their target price on shares of Canadian National Railway from C$160.00 to C$150.00 in a research report on Wednesday, April 2nd. National Bankshares reduced their price target on Canadian National Railway from C$176.00 to C$170.00 and set an “outperform” rating on the stock in a research report on Thursday, April 3rd. 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 on the stock in a research note on Monday, March 31st. Finally, Loop Capital downgraded Canadian National Railway from a “hold” rating to a “strong sell” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$158.79.

Canadian National Railway Stock Performance

TSE:CNR opened at C$139.98 on Friday. 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 stock has a 50 day simple moving average of C$138.84 and a 200 day simple moving average of C$146.18. Canadian National Railway has a 1-year low of C$130.02 and a 1-year high of C$175.57. The stock has a market cap of C$87.70 billion, a P/E ratio of 15.13, a PEG ratio of 3.38 and a beta of 0.65.

Insider Transactions at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder bought 645 shares of the firm’s stock in a transaction on Wednesday, March 26th. The stock was acquired 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%).