CIBC Raises Canadian National Railway (TSE:CNR) Price Target to C$155.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target lifted by CIBC from C$146.00 to C$155.00 in a research note released on Thursday,BayStreet.CA reports.

A number of other research analysts have also recently issued reports on CNR. Royal Bank of Canada lowered their price target on shares of Canadian National Railway from C$165.00 to C$163.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. UBS Group lifted their price target on shares of 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. Barclays lowered their price target on shares of Canadian National Railway from C$150.00 to C$145.00 and set an “equal weight” rating for the company in a research report on Friday, May 2nd. Desjardins reduced their price objective on shares of Canadian National Railway from C$169.00 to C$160.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Finally, Loop Capital lowered shares of Canadian National Railway from a “hold” rating to a “strong sell” rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat.com, Canadian National Railway presently has an average rating of “Moderate Buy” and an average price target of C$159.43.

Canadian National Railway Trading Up 0.1%

Shares of TSE CNR opened at C$147.29 on Thursday. Canadian National Railway has a 1 year low of C$130.02 and a 1 year high of C$175.13. The stock has a market cap of C$92.28 billion, a P/E ratio of 15.92, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The firm has a 50-day moving average of C$139.62 and a 200 day moving average of C$145.34. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be issued a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a dividend yield of 2.41%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.85. Canadian National Railway’s payout ratio is presently 36.54%.

Insider Activity

In related news, Director Shauneen Elizabeth Bruder acquired 645 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The stock was purchased at an average cost of C$141.56 per share, with a total value of C$91,308.14. Also, Director Susan C. Jones acquired 1,461 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The shares were bought at an average cost of C$136.62 per share, with a total value of C$199,600.80. 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%).