Scotiabank Cuts Canadian National Railway (TSE:CNR) Price Target to C$153.00

Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI had its price target decreased by Scotiabank from C$165.00 to C$153.00 in a research report report published on Wednesday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Several other analysts have also recently commented on the company. Citigroup lowered their price target on Canadian National Railway from C$123.00 to C$121.00 and set a "buy" rating for the company in a report on Wednesday. Barclays reduced their price target on Canadian National Railway from C$145.00 to C$135.00 in a research report on Wednesday. UBS Group upped their target price on Canadian National Railway from C$172.00 to C$174.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Royal Bank Of Canada cut their target price on Canadian National Railway from C$161.00 to C$157.00 and set an "outperform" rating on the stock in a research report on Wednesday. Finally, National Bankshares set a C$170.00 price target on Canadian National Railway and gave the company an "outperform" rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Canadian National Railway has a consensus rating of "Moderate Buy" and a consensus target price of C$155.79.

Canadian National Railway Price Performance

Shares of CNR stock traded up C$1.23 during mid-day trading on Wednesday, reaching C$131.40. The stock had a trading volume of 1,241,901 shares, compared to its average volume of 1,357,911. Canadian National Railway has a 12-month low of C$129.90 and a 12-month high of C$164.53. The company has a market cap of C$82.33 billion, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The business has a 50-day simple moving average of C$142.13 and a 200 day simple moving average of C$142.31. 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 declared a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Monday, September 8th will be given a dividend of $0.8875 per share. This represents a $3.55 dividend on an annualized basis and a dividend yield of 2.70%. Canadian National Railway's dividend payout ratio is currently 36.54%.

Insider Transactions at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder bought 7,600 shares of the company's 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. Also, Director Susan C. Jones bought 1,520 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The stock was purchased at an average cost of C$130.96 per share, for a total transaction of C$199,065.28. In the last ninety days, insiders have bought 11,208 shares of company stock worth $1,484,739. 2.64% of the stock is currently owned by insiders.

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%).