Canadian National Railway (TSE:CNR) Price Target Cut to C$166.00 by Analysts at Scotiabank

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI had its price objective decreased by Scotiabank from C$176.00 to C$166.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Scotiabank's target price indicates a potential upside of 22.96% from the company's previous close.

Other equities analysts have also issued research reports about the company. CIBC reduced 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 note on Tuesday, March 25th. Royal Bank of Canada dropped their price objective on shares of Canadian National Railway from C$171.00 to C$165.00 and set an "outperform" rating on the stock in a research note on Monday, March 31st. JPMorgan Chase & Co. reissued an "outperform" rating on shares of Canadian National Railway in a report on Tuesday, January 7th. Evercore ISI upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Thursday, December 19th. Finally, Barclays dropped their target price on Canadian National Railway from C$160.00 to C$150.00 in a research report 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$167.29.

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Canadian National Railway Stock Performance

Shares of CNR stock traded down C$2.37 during trading hours on Wednesday, hitting C$135.00. The company's stock had a trading volume of 2,633,683 shares, compared to its average volume of 1,316,597. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 107.59. The company has a 50 day moving average of C$143.93 and a 200 day moving average of C$149.48. Canadian National Railway has a 12-month low of C$131.92 and a 12-month high of C$180.12. The stock has a market cap of C$84.58 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65.

Insiders Place Their Bets

In other news, Director Shauneen Elizabeth Bruder purchased 645 shares of the stock in a transaction dated Wednesday, March 26th. The shares were purchased at an average price 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.

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%).