Barclays Issues Pessimistic Forecast for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price reduced by Barclays from C$162.00 to C$160.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Barclays‘s price target would suggest a potential upside of 8.90% from the company’s current price.

Several other equities analysts also recently commented on the company. Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. TD Securities upgraded Canadian National Railway from a “hold” rating to a “buy” rating and cut their target price for the stock from C$175.00 to C$170.00 in a research report on Monday, January 13th. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. restated an “outperform” rating on shares of Canadian National Railway in a research report on Tuesday, January 7th. Finally, ATB Capital raised their price target on Canadian National Railway from C$167.00 to C$168.00 in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Canadian National Railway presently has a consensus rating of “Moderate Buy” and an average price target of C$170.60.

Canadian National Railway Price Performance

Canadian National Railway stock opened at C$146.93 on Friday. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. The company has a market capitalization of C$92.49 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. Canadian National Railway has a one year low of C$143.18 and a one year high of C$181.34. The business has a 50 day simple moving average of C$149.84 and a 200 day simple moving average of C$155.22.

Insider Buying and Selling

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 608 shares of Canadian National Railway stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of C$145.24 per share, for a total transaction of C$88,307.74. Also, Director Tracy Robinson purchased 3,300 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was purchased at an average price of C$147.99 per share, for a total transaction of C$488,380.20. Insiders purchased a total of 6,694 shares of company stock valued at $1,005,958 over the last three months. Company insiders own 2.64% of the company’s stock.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.