Canadian National Railway (TSE:CNR) Stock Rating Upgraded by Susquehanna

Canadian National Railway (TSE:CNR) (NYSE:CNI) was upgraded by research analysts at Susquehanna from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the stock. TD Securities raised shares of 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. BMO Capital Markets dropped their price target on Canadian National Railway from C$175.00 to C$168.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Loop Capital lowered Canadian National Railway from a “hold” rating to a “strong sell” rating in a report on Monday, February 3rd. Royal Bank of Canada dropped their price objective on shares of Canadian National Railway from C$165.00 to C$163.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Finally, UBS Group lifted their target price on shares of Canadian National Railway from C$172.00 to C$174.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and five have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$158.79.

Canadian National Railway Stock Performance

Shares of CNR stock opened at C$135.60 on Tuesday. The company has a debt-to-equity ratio of 107.59, a quick ratio of 0.58 and a current ratio of 0.64. The firm has a market cap of C$84.96 billion, a price-to-earnings ratio of 14.66, a P/E/G ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 52 week low of C$130.02 and a 52 week high of C$175.57. The firm’s 50-day simple moving average is C$138.51 and its two-hundred day simple moving average is C$145.78.

Insiders Place Their Bets

In other Canadian National Railway news, Director Susan C. Jones acquired 1,461 shares of the business’s stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of C$136.62 per share, with a total value of C$199,600.80. Also, Director Shauneen Elizabeth Bruder acquired 645 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The stock was bought at an average price of C$141.56 per share, for a total transaction of C$91,308.14. Corporate insiders own 2.64% of the company’s stock.

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%).