Canadian National Railway (TSE:CNR) Price Target Raised to C$146.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target boosted by CIBC from C$140.00 to C$146.00 in a research note published on Monday,BayStreet.CA reports. They currently have a neutral rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Desjardins lowered their price objective on shares of Canadian National Railway from C$155.00 to C$151.00 and set a “buy” rating for the company in a research report on Monday, October 6th. JPMorgan Chase & Co. lowered their price target on shares of Canadian National Railway from C$154.00 to C$153.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. National Bankshares cut shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$170.00 to C$150.00 in a research report on Wednesday, July 23rd. Sanford C. Bernstein lowered their price target on shares of Canadian National Railway from C$149.00 to C$148.00 in a research report on Tuesday, September 30th. Finally, ATB Capital lowered their price target on shares of Canadian National Railway from C$155.00 to C$150.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$152.57.

Canadian National Railway Price Performance

Canadian National Railway stock opened at C$135.50 on Monday. The stock has a market cap of C$83.40 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 3.38 and a beta of 0.86. 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 has a 1 year low of C$126.11 and a 1 year high of C$158.17. The firm has a 50-day moving average of C$132.14 and a two-hundred day moving average of C$136.26.

Canadian National Railway Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 29th were paid a $0.8875 dividend. 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 (DPR) is currently 47.66%.

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%).