Canadian National Railway (TSE:CNR) Price Target Lowered to C$165.00 at Royal Bank of Canada

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI had its price objective reduced by equities researchers at Royal Bank of Canada from C$171.00 to C$165.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank of Canada's target price points to a potential upside of 20.11% from the company's previous close.

Several other research analysts have also commented on the company. TD Securities upgraded Canadian National Railway from a "hold" rating to a "buy" rating and reduced their price target for the stock from C$175.00 to C$170.00 in a report on Monday, January 13th. Barclays reduced their target price on shares of Canadian National Railway from C$162.00 to C$160.00 in a research note on Friday, January 17th. Scotiabank dropped their price target on shares of Canadian National Railway from C$180.00 to C$178.00 in a research note on Thursday, January 30th. Evercore ISI raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Thursday, December 19th. Finally, CIBC lowered their price objective on 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$167.29.

Canadian National Railway Price Performance

TSE CNR traded down C$1.00 during trading hours on Monday, hitting C$137.37. 2,510,062 shares of the company's stock traded hands, compared to its average volume of 1,295,536. The company has a market capitalization of C$86.07 billion, a PE ratio of 14.85, a PEG ratio of 3.38 and a beta of 0.65. The company has a debt-to-equity ratio of 107.59, a current ratio of 0.64 and a quick ratio of 0.58. Canadian National Railway has a 52-week low of C$135.06 and a 52-week high of C$180.12. The firm's 50-day moving average is C$144.21 and its 200-day moving average is C$149.77.

Insiders Place Their Bets

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