Canadian National Railway (TSE:CNR) Receives Average Recommendation of “Buy” from Brokerages

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have been assigned an average recommendation of “Buy” from the seventeen research firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and four have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$170.64.

A number of equities research analysts have recently commented on CNR shares. JPMorgan Chase & Co. reaffirmed an “outperform” rating on shares of Canadian National Railway in a report on Tuesday, January 7th. Barclays reduced their target price on shares of Canadian National Railway from C$162.00 to C$160.00 in a report on Friday, January 17th. National Bankshares reduced their target price on shares of Canadian National Railway from C$181.00 to C$178.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Veritas raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Finally, UBS Group upped their target price on shares of Canadian National Railway from C$189.00 to C$190.00 in a report on Thursday, October 24th.

Insiders Place Their Bets

In other news, Director Tracy Robinson acquired 3,300 shares of Canadian National Railway stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average price of C$147.99 per share, with a total value of C$488,380.20. Also, Director Shauneen Elizabeth Bruder acquired 608 shares of Canadian National Railway stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average cost of C$145.24 per share, for a total transaction of C$88,307.74. 2.64% of the stock is currently owned by company insiders.

Canadian National Railway Price Performance

Shares of CNR opened at C$147.82 on Friday. The firm has a fifty day moving average price of C$148.85 and a 200 day moving average price of C$154.14. 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 debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. The stock has a market cap of C$93.05 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65.

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%).