Canadian National Railway (TSE:CNR) Price Target Raised to C$146.00 at CIBC

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price hoisted by CIBC from C$140.00 to C$146.00 in a research report report published on Monday morning,BayStreet.CA reports. They currently have a neutral rating on the stock.

A number of other analysts also recently weighed in on CNR. JPMorgan Chase & Co. reduced their target price on shares of Canadian National Railway from C$154.00 to C$153.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Evercore ISI downgraded shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 23rd. Raymond James Financial upgraded shares of Canadian National Railway from a “hold” rating to a “moderate buy” rating and boosted their target price for the stock from C$150.00 to C$162.00 in a report on Thursday, July 17th. Barclays cut their price target on shares of Canadian National Railway from C$145.00 to C$135.00 in a report on Wednesday, July 23rd. Finally, Scotiabank upped their price target on shares of Canadian National Railway from C$150.00 to C$160.00 and gave the company an “outperform” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$152.57.

Canadian National Railway Stock Performance

Canadian National Railway stock opened at C$134.40 on Monday. The company’s 50-day moving average price is C$132.08 and its 200-day moving average price is C$136.28. Canadian National Railway has a twelve month low of C$126.11 and a twelve month high of C$158.17. 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 company has a market cap of C$83.89 billion, a PE ratio of 18.54, 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. Investors of record on Monday, September 29th were issued 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%).