Raymond James set a C$152.00 price target on Canadian National Railway (TSE:CNR) (NYSE:CNI) in a research report sent to investors on Thursday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock. Raymond James also issued estimates for Canadian National Railway’s Q2 2021 earnings at $1.49 EPS, Q4 2021 earnings at $1.50 EPS, FY2021 earnings at $5.76 EPS and FY2022 earnings at $6.59 EPS.
Several other equities analysts have also recently issued reports on CNR. Scotiabank upgraded shares of Canadian National Railway from a sector perform rating to an outperform rating and boosted their target price for the company from C$143.00 to C$147.00 in a research note on Thursday, May 27th. CSFB set a C$122.00 target price on shares of Canadian National Railway and gave the company an outperform rating in a research note on Tuesday, April 27th. UBS Group upgraded shares of Canadian National Railway from a neutral rating to a buy rating and boosted their target price for the company from C$141.00 to C$162.00 in a research note on Friday, May 28th. National Bankshares decreased their target price on shares of Canadian National Railway from C$140.00 to C$139.00 and set a sector perform rating for the company in a research note on Wednesday. Finally, Royal Bank of Canada reiterated a sector perform rating and issued a C$139.00 target price on shares of Canadian National Railway in a research note on Tuesday, April 20th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Canadian National Railway has a consensus rating of Buy and a consensus price target of C$144.00.
Shares of TSE CNR opened at C$131.12 on Thursday. The company has a debt-to-equity ratio of 66.94, a quick ratio of 0.62 and a current ratio of 1.19. Canadian National Railway has a 12 month low of C$125.00 and a 12 month high of C$149.44. The company’s 50 day simple moving average is C$131.65. The firm has a market cap of C$92.83 billion and a PE ratio of 26.49.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 29th. Stockholders of record on Wednesday, September 8th will be issued a dividend of $0.615 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 1.88%. Canadian National Railway’s payout ratio is 47.27%.
About Canadian National Railway
Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. Its portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.
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