Posted by MarketBeat News on Oct 1st, 2023
Canadian National Railway (TSE:CNR – Free Report) (NYSE:CNI) had its target price cut by Scotiabank from C$172.00 to C$170.00 in a research report released on Wednesday, BayStreet.CA reports. They currently have a sector perform rating on the stock.
CNR has been the subject of several other research reports. ATB Capital dropped their target price on shares of Canadian National Railway from C$180.00 to C$175.00 in a research report on Thursday, July 13th. Raymond James upgraded shares of Canadian National Railway from a market perform rating to an outperform rating in a research report on Thursday, September 14th. BMO Capital Markets dropped their target price on shares of Canadian National Railway from C$177.00 to C$175.00 in a research report on Wednesday, July 26th. National Bankshares dropped their target price on shares of Canadian National Railway from C$173.00 to C$171.00 in a research report on Wednesday, July 26th. Finally, Royal Bank of Canada dropped their target price on shares of Canadian National Railway from C$165.00 to C$163.00 and set a sector perform rating for the company in a research report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway presently has a consensus rating of Hold and an average target price of C$170.20.
Canadian National Railway Stock Performance
CNR stock opened at C$147.09 on Wednesday. The company has a debt-to-equity ratio of 85.05, a current ratio of 0.93 and a quick ratio of 0.58. The company has a 50 day moving average price of C$153.39 and a 200 day moving average price of C$156.71. Canadian National Railway has a fifty-two week low of C$144.71 and a fifty-two week high of C$175.39. The stock has a market capitalization of C$96.43 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 2.38 and a beta of 0.69.
Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) last posted its quarterly earnings data on Tuesday, July 25th. The company reported C$1.76 earnings per share for the quarter, missing the consensus estimate of C$1.83 by C($0.07). The company had revenue of C$4.06 billion during the quarter, compared to the consensus estimate of C$4.18 billion. Canadian National Railway had a return on equity of 24.97% and a net margin of 30.20%. During the same quarter last year, the firm earned $1.93 EPS. Analysts forecast that Canadian National Railway will post 8.4166667 EPS for the current year.
Canadian National Railway Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 29th were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Thursday, September 7th. Canadian National Railway’s payout ratio is presently 40.46%.
About Canadian National Railway
Canadian National Railway Company, together with its subsidiaries, engages in rail and related transportation business. The company offers rail services, which include equipment, custom brokage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services including temperature controlled cargo, port partnership, transloading and distribution, logistic parks, customs brokerage, trucking, and moving grains in containers.
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