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

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI had its price objective cut by CIBC from C$162.00 to C$157.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a "neutral" rating on the stock. CIBC's price objective points to a potential upside of 12.53% from the company's previous close.

Several other brokerages also recently commented on CNR. Scotiabank lowered their target price on Canadian National Railway from C$180.00 to C$178.00 in a research note on Thursday, January 30th. TD Securities upgraded shares of Canadian National Railway from a "hold" rating to a "buy" rating and cut their target price for the company from C$175.00 to C$170.00 in a research report on Monday, January 13th. Evercore ISI upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 19th. JPMorgan Chase & Co. reissued an "outperform" rating on shares of Canadian National Railway in a report on Tuesday, January 7th. Finally, Barclays dropped their target price on Canadian National Railway from C$162.00 to C$160.00 in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of "Moderate Buy" and a consensus price target of C$170.43.

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Canadian National Railway Price Performance

Shares of CNR stock traded down C$3.18 during trading hours on Tuesday, reaching C$139.52. The company's stock had a trading volume of 776,655 shares, compared to its average volume of 1,273,483. Canadian National Railway has a fifty-two week low of C$135.06 and a fifty-two week high of C$180.12. The firm's 50 day simple moving average is C$144.94 and its 200-day simple moving average is C$150.26. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. The company has a market capitalization of C$87.41 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 3.38 and a beta of 0.65.

Insider Activity

In other news, Director Shauneen Elizabeth Bruder acquired 645 shares of the firm's stock in a transaction dated Wednesday, March 26th. The stock was purchased at an average price of C$141.56 per share, for a total transaction of C$91,308.14. Company insiders own 2.64% of the company's stock.

About Canadian National Railway

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%).