Canadian National Railway (TSE:CNR) Receives C$170.43 Consensus Target Price from Analysts

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have received an average recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, nine have issued a buy recommendation and four have given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$169.43.

CNR has been the subject of a number of research reports. JPMorgan Chase & Co. restated an “outperform” rating on shares of Canadian National Railway in a report on Tuesday, January 7th. Barclays reduced their target price on Canadian National Railway from C$162.00 to C$160.00 in a research note on Friday, January 17th. TD Securities raised Canadian National Railway from a “hold” rating to a “buy” rating and dropped their price target for the stock from C$175.00 to C$170.00 in a research note on Monday, January 13th. Scotiabank cut their price target on Canadian National Railway from C$180.00 to C$178.00 in a report on Thursday, January 30th. Finally, Royal Bank of Canada decreased their price objective on Canadian National Railway from C$171.00 to C$165.00 and set an “outperform” rating for the company in a report on Monday.

Canadian National Railway Trading Up 0.4 %

Shares of CNR stock opened at C$140.04 on Friday. Canadian National Railway has a fifty-two week low of C$135.06 and a fifty-two week high of C$180.12. The company has a debt-to-equity ratio of 107.59, a quick ratio of 0.58 and a current ratio of 0.64. The stock has a 50 day simple moving average of C$144.78 and a two-hundred day simple moving average of C$150.02. The company has a market cap of C$87.74 billion, a P/E ratio of 15.14, a PEG ratio of 3.38 and a beta of 0.65.

Insider Buying and Selling

In related news, Director Shauneen Elizabeth Bruder purchased 645 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were bought 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 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%).