National Bankshares Has Lowered Expectations for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price cut by equities research analysts at National Bankshares from C$176.00 to C$170.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 23.75% from the stock’s current price.

A number of other brokerages have also recently weighed in on CNR. Barclays cut their price objective on shares of Canadian National Railway from C$160.00 to C$150.00 in a research note on Wednesday. Scotiabank decreased their price objective on shares of Canadian National Railway from C$176.00 to C$166.00 and set an “outperform” rating for the company in a report on Wednesday. Royal Bank of Canada cut their target price on Canadian National Railway from C$171.00 to C$165.00 and set an “outperform” rating for the company in a research report on Monday, March 31st. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, CIBC lowered their target price on Canadian National Railway from C$162.00 to C$157.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$167.29.

Canadian National Railway Stock Performance

Shares of TSE CNR opened at C$137.37 on Thursday. Canadian National Railway has a 12-month low of C$135.06 and a 12-month high of C$180.12. The company has a market cap of C$86.07 billion, a PE ratio of 14.85, a P/E/G ratio of 3.38 and a beta of 0.65. The stock has a 50 day simple moving average of C$143.93 and a 200-day simple moving average of C$149.63. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 107.59.

Insider Buying and Selling

In other news, Director Shauneen Elizabeth Bruder bought 645 shares of the stock in a transaction on Wednesday, March 26th. The shares were purchased at an average price of C$141.56 per share, for a total transaction of C$91,308.14. 2.64% of the stock is currently owned by corporate 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%).