Canadian National Railway (TSE:CNR) Receives C$155.79 Average Target Price from Brokerages

Canadian National Railway (TSE:CNR) (NYSE:CNI) has received a consensus rating of “Moderate Buy” from the nineteen brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$155.79.

Several research firms have issued reports on CNR. Desjardins dropped 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. National Bankshares cut Canadian National Railway from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$170.00 to C$150.00 in a research report on Wednesday, July 23rd. BMO Capital Markets dropped their target price on Canadian National Railway from C$168.00 to C$163.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. Royal Bank Of Canada dropped their target price on Canadian National Railway from C$161.00 to C$157.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. Finally, TD Securities dropped their target price on Canadian National Railway from C$168.00 to C$165.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd.

Canadian National Railway Stock Performance

Shares of CNR stock opened at C$128.04 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. The stock’s 50-day moving average price is C$140.34 and its 200 day moving average price is C$141.76. Canadian National Railway has a 52-week low of C$127.60 and a 52-week high of C$164.53. The stock has a market capitalization of C$80.22 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65.

Canadian National Railway Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Shareholders of record on Monday, September 8th will be issued a dividend of $0.8875 per share. This represents a $3.55 dividend on an annualized basis and a yield of 2.8%. Canadian National Railway’s dividend payout ratio (DPR) is presently 36.54%.

Insiders Place Their Bets

In related news, Director Shauneen Elizabeth Bruder bought 7,600 shares of the stock in a transaction on Thursday, July 24th. The shares were purchased at an average price of C$131.40 per share, for a total transaction of C$998,624.04. Also, Director Susan C. Jones bought 1,520 shares of the stock in a transaction on Thursday, July 24th. The shares were bought at an average price of C$130.96 per share, for a total transaction of C$199,065.28. In the last quarter, insiders have acquired 11,208 shares of company stock worth $1,484,739. 2.64% of the stock is owned by 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%).