Royal Bank of Canada Issues Pessimistic Forecast for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target reduced by Royal Bank of Canada from C$171.00 to C$165.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 17.79% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Loop Capital cut Canadian National Railway from a “hold” rating to a “strong sell” rating in a research report on Monday, February 3rd. CIBC reduced their target price on Canadian National Railway from C$162.00 to C$157.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 25th. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. TD Securities raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and reduced their price objective for the company from C$175.00 to C$170.00 in a research report on Monday, January 13th. Finally, Barclays dropped their price target on Canadian National Railway from C$162.00 to C$160.00 in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Canadian National Railway currently has a consensus rating of “Moderate Buy” and a consensus target price of C$169.43.

Canadian National Railway Stock Performance

CNR stock traded up C$0.56 during midday trading on Monday, hitting C$140.08. The company’s stock had a trading volume of 1,769,663 shares, compared to its average volume of 1,281,095. The stock has a market cap of C$87.76 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 3.38 and a beta of 0.65. The stock’s 50-day moving average price is C$144.94 and its 200 day moving average price is C$150.13. 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 1 year low of C$135.06 and a 1 year high of C$180.12.

Insider Buying and Selling

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 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. 2.64% of the stock is owned by company insiders.

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%).