Canadian National Railway (TSE:CNR) Price Target Raised to C$158.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target hoisted by Royal Bank Of Canada from C$148.00 to C$158.00 in a research note issued to investors on Monday,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

CNR has been the topic of several other research reports. TD Securities cut their price target on Canadian National Railway from C$168.00 to C$165.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Citigroup cut their target price on Canadian National Railway from C$123.00 to C$121.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. BMO Capital Markets cut their target price on Canadian National Railway from C$168.00 to C$163.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Desjardins cut their target price 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. Finally, Sanford C. Bernstein lowered their price target on Canadian National Railway from C$149.00 to C$148.00 in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$152.57.

Canadian National Railway Trading Up 0.4%

Shares of TSE CNR opened at C$135.50 on Monday. The company 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. Canadian National Railway has a 12-month low of C$126.11 and a 12-month high of C$158.17. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 107.59. The stock’s 50 day simple moving average is C$132.14 and its 200 day simple moving average is C$136.26.

Canadian National Railway Announces Dividend

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