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

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective dropped by Scotiabank from C$180.00 to C$178.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Scotiabank’s price objective points to a potential upside of 17.24% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Desjardins decreased their price objective on shares of Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and lowered their price objective for the stock from C$175.00 to C$170.00 in a report on Monday, January 13th. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, Barclays reduced their price target on Canadian National Railway from C$162.00 to C$160.00 in a research note on Friday, January 17th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$170.64.

Canadian National Railway Stock Performance

Shares of CNR stock opened at C$151.82 on Thursday. The company has a market capitalization of C$95.57 billion, a P/E ratio of 18.03, a PEG ratio of 3.38 and a beta of 0.65. Canadian National Railway has a fifty-two week low of C$143.18 and a fifty-two week high of C$181.34. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63. The stock has a 50 day moving average price of C$149.49 and a two-hundred day moving average price of C$154.56.

Insiders Place Their Bets

In related news, Director Shauneen Elizabeth Bruder bought 608 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was acquired 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 stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average cost of C$147.99 per share, for a total transaction of C$488,380.20. In the last 90 days, insiders acquired 5,694 shares of company stock valued at $853,385. 2.64% of the stock is owned by insiders.

Canadian National Railway Company Profile

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.