Canadian National Railway (TSE:CNR) Price Target Lowered to C$165.00 at TD Securities

Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI had its price objective reduced by TD Securities from C$168.00 to C$165.00 in a research note released on Wednesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

CNR has been the topic of a number of other research reports. Susquehanna upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. BMO Capital Markets decreased their target price on Canadian National Railway from C$168.00 to C$163.00 and set an "outperform" rating on the stock in a research report on Wednesday. Scotiabank dropped their price target on Canadian National Railway from C$165.00 to C$153.00 and set an "outperform" rating for the company in a research report on Wednesday. Citigroup cut 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. Finally, UBS Group increased their price objective on Canadian National Railway from C$172.00 to C$174.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$155.79.

Canadian National Railway Stock Up 0.9%

CNR stock traded up C$1.23 on Wednesday, hitting C$131.40. 1,241,901 shares of the company's stock were exchanged, 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 firm has a 50 day moving average price of C$142.13 and a two-hundred day moving average price of C$142.31. The company has a debt-to-equity ratio of 107.59, a quick ratio of 0.58 and a current ratio of 0.64. The stock 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.

Canadian National Railway Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Monday, September 8th will be paid 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 presently 36.54%.

Insider Buying and Selling

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