Canadian National Railway (TSE:CNR) Receives C$152.57 Average Price Target from Brokerages

Canadian National Railway (TSE:CNR) (NYSE:CNI) has been given an average rating of “Hold” by the seventeen analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$152.53.

CNR has been the topic of several research analyst reports. Royal Bank Of Canada upped their price objective on Canadian National Railway from C$148.00 to C$158.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Barclays lowered their target price on shares of Canadian National Railway from C$145.00 to C$135.00 in a research note on Wednesday, July 23rd. TD Securities reduced their price target on shares of Canadian National Railway from C$168.00 to C$165.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Canadian National Railway from C$154.00 to C$153.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Finally, ATB Capital boosted their price objective on shares of Canadian National Railway from C$150.00 to C$151.00 and gave the company a “sector perform” rating in a research report on Monday, November 3rd.

Canadian National Railway Trading Up 1.5%

Shares of TSE CNR opened at C$134.43 on Friday. Canadian National Railway has a 1-year low of C$126.11 and a 1-year high of C$157.95. 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 business’s 50 day moving average is C$132.18 and its two-hundred day moving average is C$136.21. The stock has a market capitalization of C$82.74 billion, a P/E ratio of 18.26, a PEG ratio of 3.38 and a beta of 0.86.

Canadian National Railway Announces Dividend

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 $0.8875 dividend. The ex-dividend date was Monday, September 8th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 2.6%. Canadian National Railway’s payout ratio is presently 47.66%.

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%).