Analysts Set Canadian National Railway (TSE:CNR) PT at C$170.64

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have received an average rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and four have issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$170.64.

A number of research analysts have recently issued reports on the company. Citigroup raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Barclays reduced their price objective on Canadian National Railway from C$162.00 to C$160.00 in a research note on Friday, January 17th. JPMorgan Chase & Co. reaffirmed an “outperform” rating on shares of Canadian National Railway in a research note on Tuesday, January 7th. TD Securities raised Canadian National Railway from a “hold” rating to a “buy” rating and reduced their price objective for the company from C$175.00 to C$170.00 in a research note on Monday, January 13th. Finally, Scotiabank reduced their price objective on Canadian National Railway from C$180.00 to C$178.00 in a research note on Thursday, January 30th.

Insiders Place Their Bets

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 608 shares of the stock in a transaction dated Monday, December 23rd. The stock was purchased at an average cost of C$145.24 per share, for a total transaction of C$88,307.74. 2.64% of the stock is currently owned by company insiders.

Canadian National Railway Stock Up 1.6 %

CNR opened at C$145.78 on Tuesday. The stock has a market cap of C$91.34 billion, a PE ratio of 15.76, a P/E/G ratio of 3.38 and a beta of 0.65. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. Canadian National Railway has a 52 week low of C$139.40 and a 52 week high of C$181.34. The business’s fifty day simple moving average is C$146.82 and its 200 day simple moving average is C$152.01.

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%).