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

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective reduced by investment analysts at National Bankshares from C$176.00 to C$170.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 21.78% from the company’s current price.

Other analysts have also recently issued research reports about 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 shares of Canadian National Railway from a “hold” rating to a “buy” rating and lowered their target price for the stock from C$175.00 to C$170.00 in a research report on Monday, January 13th. Loop Capital cut shares of Canadian National Railway from a “hold” rating to a “strong sell” rating in a research note on Monday, February 3rd. Scotiabank reduced their target price 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. Finally, CIBC lowered their price target 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 analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$167.29.

Canadian National Railway Stock Down 2.7 %

Canadian National Railway stock traded down C$3.93 during mid-day trading on Thursday, hitting C$139.60. The company had a trading volume of 635,218 shares, compared to its average volume of 1,272,751. The stock has a market cap of C$87.46 billion, a price-to-earnings ratio of 15.09, a PEG 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 1 year low of C$135.06 and a 1 year high of C$180.12. The business has a fifty day moving average of C$144.49 and a 200 day moving average of C$149.91.

Insider Buying and Selling at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder purchased 645 shares of the company’s stock in a transaction on Wednesday, March 26th. The stock was 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 currently 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%).