Canadian National Railway (TSE:CNR) Upgraded at Cibc Captl Mkts

Cibc Captl Mkts upgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) from a hold rating to a strong-buy rating in a research report report published on Friday morning,Zacks.com reports.

CNR has been the subject of a number of other reports. ATB Capital upped their target price on shares of Canadian National Railway from C$150.00 to C$151.00 and gave the company a “sector perform” rating in a report on Monday, November 3rd. Royal Bank Of Canada upped their price objective on Canadian National Railway from C$148.00 to C$158.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. CIBC raised Canadian National Railway from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from C$146.00 to C$151.00 in a research report on Friday. JPMorgan Chase & Co. lowered their target price on Canadian National Railway from C$154.00 to C$153.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Finally, Desjardins dropped 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 report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$152.87.

Canadian National Railway Price Performance

Shares of TSE CNR opened at C$133.83 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 107.59. Canadian National Railway has a twelve month low of C$126.11 and a twelve month high of C$157.24. The stock has a 50 day moving average of C$132.62 and a two-hundred day moving average of C$135.62. The stock has a market cap of C$82.37 billion, a P/E ratio of 18.18, a P/E/G ratio of 3.38 and a beta of 0.86.

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

Canadian National Railway Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 29th were paid a dividend of $0.8875 per share. This represents a $3.55 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, September 8th. Canadian National Railway’s dividend payout ratio is 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%).