Canadian National Railway (TSE:CNR) Given a C$163.00 Price Target by Royal Bank of Canada Analysts

Royal Bank of Canada set a C$163.00 target price on Canadian National Railway (TSE:CNR) (NYSE:CNI) in a report released on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

CNR has been the topic of several other research reports. Susquehanna upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 6th. UBS Group increased their target price on shares of Canadian National Railway from C$172.00 to C$174.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Scotiabank reduced their target price on shares of Canadian National Railway from C$166.00 to C$160.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. ATB Capital reduced their target price on shares of Canadian National Railway from C$159.00 to C$156.00 and set a “sector perform” rating on the stock in a report on Friday, May 2nd. Finally, Desjardins reduced their target price on shares of Canadian National Railway from C$169.00 to C$160.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and five have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$159.79.

Canadian National Railway Stock Performance

Canadian National Railway stock opened at C$143.75 on Thursday. The firm’s fifty day moving average price is C$140.55 and its 200-day moving average price is C$144.60. 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 cap of C$90.06 billion, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. Canadian National Railway has a fifty-two week low of C$130.02 and a fifty-two week high of C$173.59.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 9th will be issued a $0.8875 dividend. This represents a $3.55 dividend on an annualized basis and a yield of 2.47%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.85. Canadian National Railway’s dividend payout ratio (DPR) is 36.54%.

Insiders Place Their Bets

In related news, Director Susan C. Jones bought 1,461 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average price 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 dated Wednesday, March 26th. The shares were bought at an average cost of C$141.56 per share, for a total transaction of C$91,308.14. 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%).