National Bankshares Reiterates C$170.00 Price Target for Canadian National Railway (TSE:CNR)

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

Other analysts have also issued reports about the company. Desjardins decreased their price objective on 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 boosted their price objective on 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. JPMorgan Chase & Co. decreased their price objective on Canadian National Railway from C$170.00 to C$162.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. ATB Capital decreased their price objective on 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. Finally, Royal Bank Of Canada set a C$163.00 price objective on Canadian National Railway and gave the company an "outperform" rating in a research note on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway has an average rating of "Moderate Buy" and a consensus target price of C$159.71.

Canadian National Railway Stock Performance

Shares of CNR traded down C$0.99 during mid-day trading on Wednesday, hitting C$143.93. The stock had a trading volume of 862,055 shares, compared to its average volume of 1,358,948. The company has a debt-to-equity ratio of 107.59, a current ratio of 0.64 and a quick ratio of 0.58. Canadian National Railway has a 52 week low of C$130.02 and a 52 week high of C$169.49. The firm has a market cap of C$90.18 billion, a P/E ratio of 15.56, a PEG ratio of 3.38 and a beta of 0.65. The business has a fifty day moving average price of C$143.50 and a 200-day moving average price of C$143.08.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 9th were issued a dividend of $0.8875 per share. This is a boost from Canadian National Railway's previous quarterly dividend of $0.85. This represents a $3.55 annualized dividend and a yield of 2.47%. Canadian National Railway's dividend payout ratio is currently 36.54%.

Insider Activity

In related news, Director Susan C. Jones bought 1,461 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was bought 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 627 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The shares were bought at an average price of C$139.47 per share, with a total value of C$87,448.44. Corporate 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%).