Brokerages Set Canadian National Railway (TSE:CNR) Target Price at C$159.79

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI has received an average rating of "Moderate Buy" from the twenty analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and four have issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$159.71.

A number of brokerages have weighed in on CNR. BMO Capital Markets decreased their price target on Canadian National Railway from C$175.00 to C$168.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. National Bankshares set a C$170.00 price target on Canadian National Railway and gave the stock an "outperform" rating in a report on Wednesday. Susquehanna upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. CIBC increased their price target on Canadian National Railway from C$146.00 to C$155.00 in a report on Thursday, May 22nd. Finally, Royal Bank Of Canada set a C$163.00 price target on Canadian National Railway and gave the stock an "outperform" rating in a report on Thursday, June 5th.

Insider Transactions at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder purchased 627 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was acquired at an average price of C$139.47 per share, for a total transaction of C$87,448.44. Also, Director Susan C. Jones purchased 1,461 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were bought at an average price of C$136.62 per share, with a total value of C$199,600.80. 2.64% of the stock is currently owned by insiders.

Canadian National Railway Trading Up 1.0%

TSE:CNR traded up C$1.50 during trading hours on Monday, hitting C$144.92. 1,194,878 shares of the company were exchanged, compared to its average volume of 1,362,713. The stock has a market capitalization of C$90.80 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. 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 has a one year low of C$130.02 and a one year high of C$169.49. The company has a fifty day simple moving average of C$143.42 and a 200 day simple moving average of C$143.11.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 9th were paid a dividend of $0.8875 per share. This represents a $3.55 dividend on an annualized basis and a yield of 2.45%. This is an increase from Canadian National Railway's previous quarterly dividend of $0.85. Canadian National Railway's payout ratio is 36.54%.

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%).