Canadian National Railway (TSE:CNR) PT Set at C$170.00 by National Bankshares

National Bankshares set a C$170.00 price target on Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI in a research report sent to investors on Wednesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

CNR has been the subject of several other research reports. Susquehanna raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Scotiabank lifted their price objective on shares of Canadian National Railway from C$160.00 to C$165.00 and gave the company an "outperform" rating in a report on Friday, June 6th. BMO Capital Markets reduced their target price on shares of 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. Desjardins reduced their target price on Canadian National Railway from C$169.00 to C$160.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, CIBC upped their price target on shares of Canadian National Railway from C$146.00 to C$155.00 in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Canadian National Railway currently has a consensus rating of "Moderate Buy" and an average price target of C$159.71.

Canadian National Railway Trading Down 0.2%

Shares of TSE:CNR traded down C$0.24 during trading on Wednesday, reaching C$143.42. The company's stock had a trading volume of 993,046 shares, compared to its average volume of 1,363,994. Canadian National Railway has a 12 month low of C$130.02 and a 12 month high of C$169.49. 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's 50 day simple moving average is C$143.17 and its two-hundred day simple moving average is C$143.12. The stock has a market capitalization of C$89.86 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65.

Canadian National Railway Increases Dividend

The company also recently disclosed 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 is a positive change from Canadian National Railway's previous quarterly dividend of $0.85. This represents a $3.55 annualized dividend and a yield of 2.48%. Canadian National Railway's payout ratio is 36.54%.

Insiders Place Their Bets

In other news, Director Susan C. Jones purchased 1,461 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average price of C$136.62 per share, with a total value of C$199,600.80. Also, Director Shauneen Elizabeth Bruder acquired 627 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was acquired at an average price of C$139.47 per share, with a total value of C$87,448.44. Company insiders own 2.64% of the company's stock.

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%).