Canadian National Railway (TSE:CNR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Canadian National Railway (TSE:CNR) (NYSE:CNI) has earned a consensus rating of “Moderate Buy” from the eighteen brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, nine have assigned a buy recommendation and four have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$170.43.

CNR has been the subject of a number of research analyst reports. Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Scotiabank dropped their price objective on Canadian National Railway from C$180.00 to C$178.00 in a research note on Thursday, January 30th. TD Securities raised Canadian National Railway from a “hold” rating to a “buy” rating and lowered their target price for the company from C$175.00 to C$170.00 in a report on Monday, January 13th. Loop Capital cut Canadian National Railway from a “hold” rating to a “strong sell” rating in a research report on Monday, February 3rd. Finally, CIBC decreased their price objective on shares of Canadian National Railway from C$162.00 to C$157.00 and set a “neutral” rating on the stock in a research report on Tuesday.

Canadian National Railway Stock Performance

Shares of CNR opened at C$139.52 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. Canadian National Railway has a 52-week low of C$135.06 and a 52-week high of C$180.12. The company has a 50-day simple moving average of C$144.94 and a 200-day simple moving average of C$150.26. The company has a market capitalization of C$87.41 billion, a PE ratio of 15.08, a P/E/G ratio of 3.38 and a beta of 0.65.

Insider Activity

In related news, Director Shauneen Elizabeth Bruder bought 645 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The shares were acquired at an average cost of C$141.56 per share, with a total value of C$91,308.14. Company insiders own 2.64% of the company’s stock.

Canadian National Railway Company Profile

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%).