Scotiabank Issues Pessimistic Forecast for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective decreased by Scotiabank from C$180.00 to C$178.00 in a research note issued on Monday,BayStreet.CA reports. Scotiabank’s price target would indicate a potential upside of 20.47% from the company’s current price.

A number of other equities analysts also recently commented on the stock. Desjardins reduced their target price on shares of Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. ATB Capital increased their price objective on Canadian National Railway from C$167.00 to C$168.00 in a research report on Wednesday, October 23rd. Citigroup upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. TD Securities upgraded Canadian National Railway from a “hold” rating to a “buy” rating and lowered their price target for the stock from C$175.00 to C$170.00 in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. reaffirmed an “outperform” rating on shares of Canadian National Railway in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$170.47.

Canadian National Railway Trading Up 0.6 %

Shares of CNR traded up C$0.82 during midday trading on Monday, reaching C$147.75. The company had a trading volume of 134,734 shares, compared to its average volume of 922,991. Canadian National Railway has a 1-year low of C$143.18 and a 1-year high of C$181.34. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62. The firm has a 50 day simple moving average of C$149.84 and a 200-day simple moving average of C$155.13. The stock has a market cap of C$93.01 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65.

Insider Activity

In other Canadian National Railway news, Director Josephine Ann Marie Depass Olsovsky purchased 1,786 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were bought at an average cost of C$154.93 per share, for a total transaction of C$276,697.30. Also, Director David Lund Freeman acquired 1,000 shares of the stock in a transaction dated Thursday, October 24th. The shares were acquired at an average cost of C$152.57 per share, with a total value of C$152,572.80. In the last quarter, insiders purchased 6,694 shares of company stock worth $1,005,958. 2.64% of the stock is currently owned by company insiders.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.