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.

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