National Bank Financial Boosts Canadian National Railway (TSE:CNR) Price Target to C$125.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target hoisted by National Bank Financial from C$118.00 to C$125.00 in a research note issued to investors on Friday morning, BayStreet.CA reports.

A number of other research analysts have also weighed in on CNR. Royal Bank of Canada dropped their target price on Canadian National Railway from C$127.00 to C$119.00 and set a sector perform rating on the stock in a report on Wednesday, December 4th. JPMorgan Chase & Co. dropped their target price on Canadian National Railway from C$128.00 to C$123.00 in a report on Wednesday, October 23rd. CIBC dropped their target price on Canadian National Railway from C$122.00 to C$119.00 in a report on Wednesday, October 23rd. Finally, Raymond James restated a market perform rating and issued a C$135.00 target price on shares of Canadian National Railway in a report on Wednesday, October 23rd. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Canadian National Railway has an average rating of Hold and a consensus price target of C$123.55.

Shares of CNR stock traded down C$0.60 during trading hours on Friday, reaching C$118.72. The company had a trading volume of 887,684 shares, compared to its average volume of 1,113,491. Canadian National Railway has a 12 month low of C$96.46 and a 12 month high of C$127.96. The company has a debt-to-equity ratio of 77.32, a current ratio of 0.71 and a quick ratio of 0.35. The business has a fifty day simple moving average of C$120.52 and a 200-day simple moving average of C$120.71. The company has a market cap of $84.92 billion and a price-to-earnings ratio of 19.21.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its earnings results on Tuesday, October 22nd. The company reported C$1.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$1.61 by C$0.05. The company had revenue of C$3.83 billion during the quarter, compared to the consensus estimate of C$3.88 billion. On average, equities research analysts expect that Canadian National Railway will post 6.2915347 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be given a dividend of $0.538 per share. This represents a $2.15 dividend on an annualized basis and a dividend yield of 1.81%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Friday, December 6th. Canadian National Railway’s dividend payout ratio (DPR) is presently 33.45%.

Canadian National Railway Company Profile

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

Featured Article: Cost of Debt

Analyst Recommendations for Canadian National Railway (TSE:CNR)

Receive News & Ratings for Canadian National Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway and related companies with's FREE daily email newsletter.


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit