Canadian National Railway (TSE:CNR) Receives C$152.87 Consensus Price Target from Analysts

Canadian National Railway (TSE:CNR) (NYSE:CNI) has been assigned an average rating of “Moderate Buy” from the eighteen research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$152.87.

CNR has been the subject of several research reports. Citigroup increased their price objective on Canadian National Railway from C$119.00 to C$120.00 and gave the company a “buy” rating in a report on Monday, November 3rd. JPMorgan Chase & Co. cut their price target on Canadian National Railway from C$154.00 to C$153.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Desjardins lowered their price objective on Canadian National Railway from C$155.00 to C$151.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. Sanford C. Bernstein dropped their price objective on shares of Canadian National Railway from C$149.00 to C$148.00 in a report on Tuesday, September 30th. Finally, ATB Capital lifted their target price on shares of Canadian National Railway from C$150.00 to C$151.00 and gave the stock a “sector perform” rating in a research note on Monday, November 3rd.

Canadian National Railway Stock Performance

Shares of CNR stock opened at C$135.78 on Thursday. 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$83.57 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 3.38 and a beta of 0.82. Canadian National Railway has a 52 week low of C$126.11 and a 52 week high of C$154.60. The firm’s 50-day simple moving average is C$133.38 and its two-hundred day simple moving average is C$135.21.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its earnings results on Friday, October 31st. The company reported C$1.83 earnings per share for the quarter. The firm had revenue of C$4.17 billion during the quarter. Canadian National Railway had a net margin of 31.20% and a return on equity of 27.10%. As a group, equities analysts forecast that Canadian National Railway will post 8.2610275 earnings per share for the current year.

Canadian National Railway Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 29th were issued a $0.8875 dividend. The ex-dividend date of this dividend was Monday, September 8th. This represents a $3.55 annualized dividend and a yield of 2.6%. Canadian National Railway’s dividend payout ratio (DPR) is 47.66%.

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%).