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 equities researchers at Scotiabank from C$153.00 to C$150.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 11.53% from the company’s previous close.

CNR has been the topic of a number of other research reports. TD Securities reduced their target price on Canadian National Railway from C$168.00 to C$165.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Sanford C. Bernstein reduced their target price on Canadian National Railway from C$149.00 to C$148.00 in a research note on Tuesday, September 30th. CIBC reduced their target price on Canadian National Railway from C$148.00 to C$140.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 23rd. National Bankshares lowered Canadian National Railway from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$170.00 to C$150.00 in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada reduced their target price on Canadian National Railway from C$161.00 to C$157.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$152.71.

Canadian National Railway Price Performance

CNR stock opened at C$134.49 on Friday. The firm has a 50 day moving average of C$130.39 and a 200-day moving average of C$137.03. Canadian National Railway has a 12-month low of C$126.11 and a 12-month high of C$160.88. 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 company has a market cap of C$83.95 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 3.38 and a beta of 0.93.

Insider Buying and Selling at Canadian National Railway

In other Canadian National Railway news, Director Susan C. Jones purchased 1,520 shares of the business’s stock in a transaction on Thursday, July 24th. The stock was bought at an average cost of C$130.96 per share, for a total transaction of C$199,065.28. Also, Director Shauneen Elizabeth Bruder purchased 7,600 shares of the business’s stock in a transaction on Thursday, July 24th. The stock was acquired at an average price of C$131.40 per share, with a total value of C$998,624.04. 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%).