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

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

Several research firms have recently issued reports on CNR. National Bankshares dropped their price objective on shares of Canadian National Railway from C$181.00 to C$178.00 and set an “outperform” rating for the company in a research 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. Citigroup raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Royal Bank of Canada raised shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$169.00 to C$179.00 in a report on Thursday, October 10th. Finally, ATB Capital raised their price target on shares of Canadian National Railway from C$167.00 to C$168.00 in a report on Wednesday, October 23rd.

Insiders Place Their Bets

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

Canadian National Railway Price Performance

Canadian National Railway stock opened at C$147.82 on Friday. Canadian National Railway has a 52-week low of C$143.18 and a 52-week high of C$181.34. The firm has a fifty day moving average of C$148.85 and a 200-day moving average of C$154.14. The firm has a market capitalization of C$93.05 billion, a P/E ratio of 17.56, a PEG ratio of 3.38 and a beta of 0.65. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62.

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%).