National Bankshares Lowers Canadian National Railway (TSE:CNR) Price Target to C$170.00

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI had its target price dropped by investment analysts at National Bankshares from C$176.00 to C$170.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' target price points to a potential upside of 28.72% from the stock's previous close.

Other equities analysts also recently issued reports about the stock. 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. restated an "outperform" rating on shares of Canadian National Railway in a research note on Tuesday, January 7th. Loop Capital downgraded shares of Canadian National Railway from a "hold" rating to a "strong sell" rating in a research note on Monday, February 3rd. Barclays reduced their target price on Canadian National Railway from C$160.00 to C$150.00 in a research note on Wednesday, April 2nd. Finally, Scotiabank dropped their price target on Canadian National Railway from C$176.00 to C$166.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, Canadian National Railway presently has a consensus rating of "Moderate Buy" and a consensus target price of C$167.29.

Canadian National Railway Stock Down 2.2 %

Shares of Canadian National Railway stock traded down C$2.93 during trading hours on Thursday, reaching C$132.07. 2,116,988 shares of the company's stock were exchanged, compared to its average volume of 1,327,292. The stock has a market cap of C$82.75 billion, a P/E ratio of 14.28, a P/E/G ratio of 3.38 and a beta of 0.65. The company has a 50 day moving average of C$143.56 and a two-hundred day moving average of C$149.29. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 107.59. Canadian National Railway has a fifty-two week low of C$130.55 and a fifty-two week high of C$180.12.

Insider Activity at Canadian National Railway

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 645 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The stock was acquired 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 company insiders.

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%).