Analysts Set Canadian National Railway (TSE:CNR) Price Target at C$158.79

Canadian National Railway (TSE:CNR) (NYSE:CNI) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-one brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, nine have given a buy recommendation and five have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$158.79.

CNR has been the topic of several recent research reports. BMO Capital Markets lowered their price objective on shares of Canadian National Railway from C$175.00 to C$168.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. JPMorgan Chase & Co. reduced their target price on shares of Canadian National Railway from C$170.00 to C$162.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. National Bankshares cut their price objective on Canadian National Railway from C$176.00 to C$170.00 and set an “outperform” rating for the company in a research report on Thursday, April 3rd. Scotiabank cut their price objective on Canadian National Railway from C$166.00 to C$160.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Finally, Desjardins cut their target price on Canadian National Railway from C$169.00 to C$160.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd.

Canadian National Railway Stock Down 1.0%

CNR stock opened at C$149.49 on Friday. Canadian National Railway has a 52 week low of C$130.02 and a 52 week high of C$175.13. The company has a market capitalization of C$93.66 billion, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The firm’s 50-day moving average is C$139.34 and its two-hundred day moving average is C$145.35. 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be issued a dividend of $0.8875 per share. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.85. This represents a $3.55 annualized dividend and a dividend yield of 2.37%. Canadian National Railway’s payout ratio is currently 36.54%.

Insider Activity

In other news, Director Susan C. Jones acquired 1,461 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average price of C$136.62 per share, for a total transaction of C$199,600.80. Also, Director Shauneen Elizabeth Bruder acquired 645 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The stock was purchased at an average price of C$141.56 per share, for a total transaction of C$91,308.14. 2.64% of the stock is currently owned by corporate insiders.

About Canadian National Railway

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%).