Analysts Set Canadian National Railway (TSE:CNR) Target Price at C$159.79

Canadian National Railway (TSE:CNR) (NYSE:CNI) has received an average rating of “Moderate Buy” from the twenty-one analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, nine have issued a buy recommendation and five have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$159.79.

Several research firms have recently issued reports on CNR. UBS Group boosted their target price on Canadian National Railway from C$172.00 to C$174.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Raymond James cut shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and cut their price target for the company from C$180.00 to C$150.00 in a report on Tuesday, April 22nd. Barclays reduced their price objective on shares of Canadian National Railway from C$150.00 to C$145.00 and set an “equal weight” rating on the stock in a research report on Friday, May 2nd. ATB Capital dropped their target price on shares of Canadian National Railway from C$159.00 to C$156.00 and set a “sector perform” rating for the company in a research report on Friday, May 2nd. Finally, CIBC lifted their target price on shares of Canadian National Railway from C$146.00 to C$155.00 in a research note on Thursday, May 22nd.

Canadian National Railway Trading Down 1.5%

TSE:CNR opened at C$141.09 on Thursday. Canadian National Railway has a 52 week low of C$130.02 and a 52 week high of C$169.49. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. The company has a fifty day moving average of C$141.12 and a 200 day moving average of C$144.18. The firm has a market capitalization of C$88.40 billion, a P/E ratio of 15.25, a P/E/G ratio of 3.38 and a beta of 0.65.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be paid a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a yield of 2.52%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.85. Canadian National Railway’s payout ratio is presently 36.54%.

Insiders Place Their Bets

In other news, Director Susan C. Jones purchased 1,461 shares of the stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average cost of C$136.62 per share, with a total value of C$199,600.80. Also, Director Shauneen Elizabeth Bruder bought 645 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The shares were acquired at an average price of C$141.56 per share, with a total value 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%).