Canadian National Railway (TSE:CNR) Given New C$120.00 Price Target at Citigroup

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price hoisted by Citigroup from C$119.00 to C$120.00 in a research note released on Monday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also recently commented on the company. National Bankshares cut Canadian National Railway from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$170.00 to C$150.00 in a research note on Wednesday, July 23rd. Royal Bank Of Canada increased their target price on Canadian National Railway from C$148.00 to C$158.00 and gave the company an “outperform” rating in a research note on Monday. JPMorgan Chase & Co. reduced their target price on Canadian National Railway from C$154.00 to C$153.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Barclays reduced their target price on Canadian National Railway from C$145.00 to C$135.00 in a research note on Wednesday, July 23rd. Finally, BMO Capital Markets reduced 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 note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$152.57.

Canadian National Railway Trading Down 0.1%

Canadian National Railway stock opened at C$134.40 on Monday. The stock has a market cap of C$83.89 billion, a P/E ratio of 18.54, a PEG ratio of 3.38 and a beta of 0.92. Canadian National Railway has a fifty-two week low of C$126.11 and a fifty-two week high of C$158.17. The firm’s fifty day moving average price is C$132.08 and its 200-day moving average price is C$136.28. The company has a debt-to-equity ratio of 107.59, a quick ratio of 0.58 and a current ratio of 0.64.

Canadian National Railway Announces Dividend

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

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%).