Canadian National Railway (TSE:CNR) Price Target Raised to C$151.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price increased by ATB Capital from C$150.00 to C$151.00 in a research note published on Monday,BayStreet.CA reports. ATB Capital currently has a sector perform rating on the stock.

Other equities research analysts have also recently issued reports about the company. National Bankshares cut Canadian National Railway from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$170.00 to C$150.00 in a research note on Wednesday, July 23rd. National Bank Financial lowered Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 22nd. Royal Bank Of Canada raised their price target on Canadian National Railway from C$148.00 to C$158.00 and gave the company an “outperform” rating in a report on Monday. Barclays lowered their price target on Canadian National Railway from C$145.00 to C$135.00 in a report on Wednesday, July 23rd. Finally, Desjardins lowered their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$152.57.

Canadian National Railway Stock Performance

CNR stock opened at C$135.50 on Monday. 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 stock has a market capitalization of C$83.40 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 3.38 and a beta of 0.86. Canadian National Railway has a 1 year low of C$126.11 and a 1 year high of C$158.17. The stock’s fifty day moving average is C$132.14 and its two-hundred day moving average is C$136.26.

Canadian National Railway Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 29th were issued a dividend of $0.8875 per share. This represents a $3.55 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend 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%).