CIBC Has Lowered Expectations for Canadian National Railway (TSE:CNR) Stock Price

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

A number of other equities analysts have also issued reports on the company. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Loop Capital downgraded shares of Canadian National Railway from a “hold” rating to a “strong sell” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. reiterated an “outperform” rating on shares of Canadian National Railway in a report on Tuesday, January 7th. Barclays lowered their price objective on shares of Canadian National Railway from C$162.00 to C$160.00 in a research note on Friday, January 17th. Finally, TD Securities raised Canadian National Railway from a “hold” rating to a “buy” rating and decreased their price target for the company from C$175.00 to C$170.00 in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$170.43.

Canadian National Railway Stock Performance

CNR stock traded down C$0.95 during midday trading on Tuesday, reaching C$140.34. The company had a trading volume of 208,121 shares, compared to its average volume of 1,266,139. Canadian National Railway has a fifty-two week low of C$135.06 and a fifty-two week high of C$180.12. The firm has a market capitalization of C$87.93 billion, a PE ratio of 15.17, a P/E/G ratio of 3.38 and a beta of 0.65. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. 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 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%).