Evercore ISI Downgrades Canadian National Railway (TSE:CNR) to Hold

Canadian National Railway (TSE:CNR) (NYSE:CNI) was downgraded by analysts at Evercore ISI from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other research firms also recently commented on CNR. Scotiabank dropped their price target on Canadian National Railway from C$165.00 to C$153.00 and set an “outperform” rating for the company in a research note on Wednesday. Royal Bank Of Canada decreased their target price on shares of Canadian National Railway from C$161.00 to C$157.00 and set an “outperform” rating on the stock in a report on Wednesday. ATB Capital cut their price target on shares of Canadian National Railway from C$155.00 to C$150.00 and set a “sector perform” rating for the company in a report on Wednesday. JPMorgan Chase & Co. lowered shares of Canadian National Railway from an “outperform” rating to a “neutral” rating and increased their price target for the stock from C$154.00 to C$163.00 in a research report on Wednesday. Finally, BMO Capital Markets lowered their price objective on shares of Canadian National Railway from C$168.00 to C$163.00 and set an “outperform” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Canadian National Railway has a consensus rating of “Moderate Buy” and a consensus price target of C$155.79.

Canadian National Railway Price Performance

Canadian National Railway stock opened at C$130.17 on Wednesday. The firm has a market cap of C$81.56 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. 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 stock’s fifty day moving average price is C$142.53 and its two-hundred day moving average price is C$142.47. Canadian National Railway has a one year low of C$129.90 and a one year high of C$164.53.

Insider Transactions at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder acquired 7,600 shares of the stock in a transaction dated Thursday, July 24th. The stock was bought at an average cost of C$131.40 per share, for a total transaction of C$998,624.04. Also, Director Susan C. Jones acquired 1,461 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average cost of C$136.62 per share, for a total transaction of C$199,600.80. Insiders acquired a total of 9,688 shares of company stock worth $1,285,673 in the last quarter. Corporate 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%).