Citigroup Issues Pessimistic Forecast for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI had its target price lowered by Citigroup from C$123.00 to C$121.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. ATB Capital dropped their price objective on shares of Canadian National Railway from C$156.00 to C$155.00 and set a "sector perform" rating on the stock in a research note on Monday, July 7th. Desjardins dropped their price target on shares of Canadian National Railway from C$169.00 to C$160.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. UBS Group raised their price target on shares of Canadian National Railway from C$172.00 to C$174.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. National Bankshares set a C$170.00 price target on shares of Canadian National Railway and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Finally, Royal Bank Of Canada set a C$163.00 price target on shares of Canadian National Railway and gave the company an "outperform" rating in a research note on Thursday, June 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$155.79.

Canadian National Railway Stock Performance

CNR traded up C$0.04 on Wednesday, hitting C$130.21. 233,223 shares of the company's stock were exchanged, compared to its average volume of 1,350,562. The firm has a market cap of C$81.58 billion, a PE ratio of 14.08, a P/E/G ratio of 3.38 and a beta of 0.65. Canadian National Railway has a twelve month low of C$129.90 and a twelve month high of C$164.53. The stock has a fifty day moving average of C$142.53 and a two-hundred day moving average of C$142.47. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 107.59.

Canadian National Railway Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Monday, September 8th will be issued a dividend of $0.8875 per share. This represents a $3.55 dividend on an annualized basis and a yield of 2.73%. Canadian National Railway's payout ratio is 36.54%.

Insider Buying and Selling

In other Canadian National Railway news, Director Susan C. Jones bought 1,461 shares of Canadian National Railway stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average cost of C$136.62 per share, for a total transaction of C$199,600.80. Also, Director Shauneen Elizabeth Bruder bought 7,600 shares of Canadian National Railway stock in a transaction that occurred on Thursday, July 24th. The shares were acquired at an average price of C$131.40 per share, with a total value of C$998,624.04. Insiders have purchased 9,688 shares of company stock valued at $1,285,673 over the last 90 days. 2.64% of the stock is currently owned by insiders.

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%).