CIBC Lowers Canadian National Railway (TSE:CNR) Price Target to C$157.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price dropped by research analysts at CIBC from C$162.00 to C$157.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s price target suggests a potential upside of 9.91% from the stock’s previous close.

CNR has been the topic of a number of other research reports. JPMorgan Chase & Co. reiterated an “outperform” rating on shares of Canadian National Railway in a report on Tuesday, January 7th. Loop Capital lowered Canadian National Railway from a “hold” rating to a “strong sell” rating in a research report on Monday, February 3rd. Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Scotiabank lowered their price objective on shares of Canadian National Railway from C$180.00 to C$178.00 in a research report on Thursday, January 30th. Finally, Barclays cut their price target on Canadian National Railway from C$162.00 to C$160.00 in a research note on Friday, January 17th. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$170.43.

Canadian National Railway Price Performance

Shares of TSE CNR opened at C$142.84 on Tuesday. Canadian National Railway has a 1-year low of C$135.06 and a 1-year high of C$180.12. The stock has a fifty day moving average price of C$145.17 and a 200 day moving average price of C$150.51. The company has a market cap of C$89.49 billion, a PE ratio of 15.44, a P/E/G ratio of 3.38 and a beta of 0.65. The company has a debt-to-equity ratio of 107.59, a current ratio of 0.64 and a quick ratio of 0.58.

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%).