Brokerages Set Canadian National Railway (TSE:CNR) Target Price at C$151.36

Canadian National Railway (TSE:CNR) (NYSE:CNI) has been assigned an average recommendation of “Moderate Buy” from the eighteen brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$151.36.

Several brokerages recently weighed in on CNR. Sanford C. Bernstein decreased their price target on Canadian National Railway from C$149.00 to C$148.00 in a report on Tuesday, September 30th. CIBC decreased their price target on Canadian National Railway from C$148.00 to C$140.00 and set a “neutral” rating for the company in a report on Tuesday, September 23rd. Argus raised Canadian National Railway to a “hold” rating in a report on Friday, June 27th. ATB Capital reduced their target price on Canadian National Railway from C$155.00 to C$150.00 and set a “sector perform” rating for the company in a report on Wednesday, July 23rd. Finally, Scotiabank reduced their target price on Canadian National Railway from C$153.00 to C$150.00 and set an “outperform” rating for the company in a report on Friday, October 3rd.

Canadian National Railway Price Performance

Shares of TSE CNR opened at C$134.05 on Wednesday. The company has a debt-to-equity ratio of 107.59, a current ratio of 0.64 and a quick ratio of 0.58. The stock has a fifty day moving average price of C$131.39 and a 200 day moving average price of C$136.54. Canadian National Railway has a 1-year low of C$126.11 and a 1-year high of C$159.05. The company has a market cap of C$83.67 billion, a PE ratio of 18.49, a P/E/G ratio of 3.38 and a beta of 0.92.

Canadian National Railway Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 29th were issued a $0.8875 dividend. The ex-dividend date of this dividend was Monday, September 8th. This represents a $3.55 dividend on an annualized basis and a yield of 2.6%. Canadian National Railway’s dividend payout ratio (DPR) is 47.79%.

Insiders Place Their Bets

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 7,600 shares of Canadian National Railway stock in a transaction on Thursday, July 24th. The stock was bought at an average price of C$131.40 per share, with a total value of C$998,624.04. Also, Director Susan C. Jones bought 1,520 shares of Canadian National Railway stock in a transaction on Thursday, July 24th. The stock was acquired at an average cost of C$130.96 per share, with a total value of C$199,065.28. 2.64% of the stock is currently owned by company insiders.

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%).