Canadian National Railway (TSE:CNR) Price Target Cut to C$151.00 by Analysts at Desjardins

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price decreased by Desjardins from C$155.00 to C$151.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Raymond James Financial raised shares of Canadian National Railway from a “hold” rating to a “moderate buy” rating and boosted their price objective for the stock from C$150.00 to C$162.00 in a research note on Thursday, July 17th. Citigroup dropped their price objective on shares of Canadian National Railway from C$123.00 to C$121.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Sanford C. Bernstein dropped their price objective on shares of Canadian National Railway from C$149.00 to C$148.00 in a research note on Tuesday, September 30th. BMO Capital Markets dropped their price objective on shares of Canadian National Railway from C$168.00 to C$163.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Finally, Argus raised shares of Canadian National Railway to a “hold” rating in a research note on Friday, June 27th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$152.07.

Canadian National Railway Trading Up 0.2%

Shares of TSE CNR opened at C$134.78 on Monday. Canadian National Railway has a 1 year low of C$126.11 and a 1 year high of C$160.88. 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 firm has a 50-day moving average of C$130.47 and a 200 day moving average of C$136.99. The stock has a market cap of C$84.13 billion, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 3.38 and a beta of 0.92.

Canadian National Railway Dividend Announcement

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

Insider Buying and Selling

In other news, Director Shauneen Elizabeth Bruder purchased 7,600 shares of the company’s stock in a transaction on Thursday, July 24th. The stock was acquired at an average cost of C$131.40 per share, for a total transaction of C$998,624.04. Also, Director Susan C. Jones purchased 1,520 shares of the company’s stock in a transaction on Thursday, July 24th. The stock was purchased at an average price of C$130.96 per share, with a total value of C$199,065.28. Corporate insiders own 2.64% of the company’s stock.

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%).