Canadian National Railway (TSE:CNR) Downgraded by Raymond James to Market Perform

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI was downgraded by Raymond James from an "outperform" rating to a "market perform" rating in a report issued on Tuesday,BayStreet.CA reports. They presently have a C$150.00 price target on the stock, down from their prior price target of C$180.00. Raymond James' target price indicates a potential upside of 11.28% from the stock's previous close.

CNR has been the subject of several other reports. ATB Capital cut their price objective on shares of Canadian National Railway from C$161.00 to C$159.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. National Bankshares lowered their price objective on Canadian National Railway from C$176.00 to C$170.00 and set an "outperform" rating on the stock in a research note on Thursday, April 3rd. CIBC lowered their price objective on shares of Canadian National Railway from C$162.00 to C$157.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. TD Securities raised shares of Canadian National Railway from a "hold" rating to a "buy" rating and dropped their target price for the stock from C$175.00 to C$170.00 in a report on Monday, January 13th. Finally, Barclays decreased their target price on shares of Canadian National Railway from C$160.00 to C$150.00 in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$164.50.

Canadian National Railway Stock Performance

CNR traded down C$1.70 during trading hours on Tuesday, reaching C$134.79. The company's stock had a trading volume of 428,933 shares, compared to its average volume of 1,312,237. 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 company's 50-day moving average is C$140.74 and its 200-day moving average is C$147.47. Canadian National Railway has a 52 week low of C$130.02 and a 52 week high of C$178.50. The firm has a market cap of C$84.45 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65.

Insider Buying and Selling at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder purchased 645 shares of the business's stock in a transaction dated Wednesday, March 26th. The stock was purchased at an average cost of C$141.56 per share, with a total value of C$91,308.14. Corporate insiders own 2.64% of the company's stock.

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%).

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