Canadian National Railway (TSE:CNR) Given New C$157.00 Price Target at CIBC

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price reduced by equities researchers at CIBC from C$162.00 to C$157.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s price objective suggests a potential upside of 11.87% from the company’s previous close.

A number of other brokerages also recently commented on CNR. Barclays lowered their price objective on Canadian National Railway from C$162.00 to C$160.00 in a research report on Friday, January 17th. Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Loop Capital lowered shares of Canadian National Railway from a “hold” rating to a “strong sell” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. reissued an “outperform” rating on shares of Canadian National Railway in a research note on Tuesday, January 7th. Finally, Scotiabank decreased their target price on Canadian National Railway from C$180.00 to C$178.00 in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$170.43.

Canadian National Railway Trading Down 0.7 %

Shares of TSE CNR traded down C$0.95 during midday trading on Tuesday, reaching C$140.34. 208,121 shares of the stock were exchanged, compared to its average volume of 1,266,139. 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 market capitalization of C$87.93 billion, a P/E ratio of 15.17, a P/E/G ratio of 3.38 and a beta of 0.65. The stock has a 50 day moving average price of C$145.27 and a 200-day moving average price of C$150.64. Canadian National Railway has a 52-week low of C$135.06 and a 52-week high of C$180.12.

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%).