Canadian National Railway (TSE:CNR) Price Target Raised to C$158.00 at Royal Bank Of Canada

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price boosted by Royal Bank Of Canada from C$148.00 to C$158.00 in a research report released on Monday morning,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other analysts have also commented on CNR. National Bank Financial lowered Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 22nd. CIBC decreased their target price on Canadian National Railway from C$148.00 to C$140.00 and set a “neutral” rating for the company in a research report on Tuesday, September 23rd. National Bankshares lowered Canadian National Railway from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$170.00 to C$150.00 in a research report on Wednesday, July 23rd. Barclays decreased their target price on Canadian National Railway from C$145.00 to C$135.00 in a research report on Wednesday, July 23rd. Finally, ATB Capital decreased their target price on Canadian National Railway from C$155.00 to C$150.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$152.57.

Canadian National Railway Stock Performance

CNR stock opened at C$134.40 on Monday. The stock has a 50-day moving average price of C$132.08 and a 200-day moving average price of C$136.28. Canadian National Railway has a 1-year low of C$126.11 and a 1-year high of C$158.17. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 107.59. The firm 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 business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 29th were issued a dividend of $0.8875 per share. This represents a $3.55 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Monday, September 8th. Canadian National Railway’s payout ratio is currently 47.79%.

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%).