Royal Bank Of Canada Cuts Canadian National Railway (TSE:CNR) Price Target to C$157.00

Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI had its target price trimmed by Royal Bank Of Canada from C$161.00 to C$157.00 in a report published on Wednesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research analysts have also recently commented on the stock. Barclays cut their price target on shares of Canadian National Railway from C$145.00 to C$135.00 in a report on Wednesday. Argus raised shares of Canadian National Railway to a "hold" rating in a research note on Friday, June 27th. National Bankshares set a C$170.00 price objective on shares of Canadian National Railway and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Raymond James Financial raised shares of Canadian National Railway from a "hold" rating to a "moderate buy" rating and upped their price objective for the stock from C$150.00 to C$162.00 in a research note on Thursday, July 17th. Finally, Citigroup lowered their price objective on shares of Canadian National Railway from C$123.00 to C$121.00 and set a "buy" rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway has an average rating of "Moderate Buy" and a consensus target price of C$155.79.

Canadian National Railway Trading Up 0.9%

Shares of TSE CNR traded up C$1.23 during mid-day trading on Wednesday, reaching C$131.40. The company had a trading volume of 1,241,901 shares, compared to its average volume of 1,357,911. The business's 50-day moving average is C$142.13 and its 200-day moving average is C$142.34. 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 stock has a market cap of C$82.33 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 52 week low of C$129.90 and a 52 week high of C$164.53.

Canadian National Railway Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Monday, September 8th will be issued a $0.8875 dividend. This represents a $3.55 annualized dividend and a yield of 2.70%. Canadian National Railway's dividend payout ratio (DPR) is presently 36.54%.

Insider Activity at Canadian National Railway

In other Canadian National Railway news, Director Susan C. Jones purchased 1,520 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The shares were bought at an average price of C$130.96 per share, for a total transaction of C$199,065.28. Also, Director Shauneen Elizabeth Bruder purchased 7,600 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The stock was acquired at an average price of C$131.40 per share, for a total transaction of C$998,624.04. In the last quarter, insiders purchased 11,208 shares of company stock worth $1,484,739. 2.64% of the stock is owned by corporate 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%).