Canadian National Railway (TSE:CNR) Given New C$150.00 Price Target at Scotiabank

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target cut by Scotiabank from C$153.00 to C$150.00 in a research report report published on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also weighed in on the stock. Argus upgraded shares of Canadian National Railway to a “hold” rating in a report on Friday, June 27th. JPMorgan Chase & Co. downgraded Canadian National Railway from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from C$154.00 to C$163.00 in a research note on Wednesday, July 23rd. CIBC decreased their target price on Canadian National Railway from C$148.00 to C$140.00 and set a “neutral” rating for the company in a research note on Tuesday, September 23rd. Sanford C. Bernstein dropped their price target on Canadian National Railway from C$149.00 to C$148.00 in a research report on Tuesday, September 30th. Finally, Royal Bank Of Canada cut their price objective on Canadian National Railway from C$161.00 to C$157.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$152.71.

Canadian National Railway Stock Performance

Shares of TSE:CNR opened at C$134.49 on Friday. The firm’s 50 day simple moving average is C$130.39 and its 200 day simple moving average is C$137.01. Canadian National Railway has a fifty-two week low of C$126.11 and a fifty-two week high of C$160.88. The company has a market capitalization of C$83.95 billion, a price-to-earnings ratio of 18.55, a P/E/G ratio of 3.38 and a beta of 0.92. The company has a debt-to-equity ratio of 107.59, a current ratio of 0.64 and a quick ratio of 0.58.

Canadian National Railway Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 29th were given a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, September 8th. Canadian National Railway’s dividend payout ratio is currently 47.79%.

Insider Buying and Selling

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 7,600 shares of the firm’s stock in a transaction dated Thursday, July 24th. The stock was bought at an average cost of C$131.40 per share, with a total value of C$998,624.04. Also, Director Susan C. Jones acquired 1,520 shares of the stock in a transaction dated Thursday, July 24th. The stock was acquired at an average price of C$130.96 per share, for a total transaction of C$199,065.28. 2.64% of the stock is currently owned by company insiders.

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%).