Canadian National Railway (TSE:CNR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the company, Marketbeat reports. One equities 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 given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$170.64.

Several research firms have issued reports on CNR. JPMorgan Chase & Co. restated an “outperform” rating on shares of Canadian National Railway in a research note on Tuesday, January 7th. TD Securities raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and dropped their price objective for the company from C$175.00 to C$170.00 in a research note on Monday, January 13th. Barclays dropped their price target on shares of Canadian National Railway from C$162.00 to C$160.00 in a research note on Friday, January 17th. Loop Capital downgraded shares of Canadian National Railway from a “hold” rating to a “strong sell” rating in a research report on Monday, February 3rd. Finally, Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th.

Canadian National Railway Stock Performance

Shares of CNR opened at C$142.58 on Tuesday. The stock has a 50 day moving average price of C$147.10 and a 200 day moving average price of C$152.19. Canadian National Railway has a 52-week low of C$142.51 and a 52-week high of C$181.34. 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 company has a market capitalization of C$89.33 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65.

Insider Buying and Selling at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder bought 608 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of C$145.24 per share, with a total value of C$88,307.74. 2.64% of the stock is owned by insiders.

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%).