Scotiabank Cuts Canadian National Railway (TSE:CNR) Price Target to C$187.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective lowered by Scotiabank from C$188.00 to C$187.00 in a research report sent to investors on Wednesday, BayStreet.CA reports.

Other equities analysts also recently issued research reports about the company. Desjardins upped their price target on Canadian National Railway from C$189.00 to C$195.00 and gave the stock a buy rating in a research report on Friday, April 12th. CIBC reduced their price target on Canadian National Railway from C$183.00 to C$170.00 in a research report on Wednesday. National Bank Financial raised Canadian National Railway from a hold rating to a strong-buy rating in a research report on Wednesday, June 26th. Sanford C. Bernstein downgraded Canadian National Railway from an outperform rating to a market perform rating and reduced their price target for the stock from C$195.00 to C$179.00 in a research report on Monday, July 8th. Finally, BMO Capital Markets reduced their price target on Canadian National Railway from C$195.00 to C$188.00 and set an outperform rating for the company in a research report on Wednesday, June 19th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of C$179.29.

Canadian National Railway Price Performance

TSE CNR opened at C$159.60 on Wednesday. The business has a 50 day simple moving average of C$166.07 and a 200 day simple moving average of C$170.75. Canadian National Railway has a 52-week low of C$143.13 and a 52-week high of C$181.34. The company has a debt-to-equity ratio of 101.48, a quick ratio of 0.58 and a current ratio of 0.60. The stock has a market cap of C$101.54 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 2.06 and a beta of 0.66.

Canadian National Railway Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be issued a $0.845 dividend. This represents a $3.38 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Friday, September 6th. Canadian National Railway’s payout ratio is presently 41.22%.

Insider Activity at Canadian National Railway

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 544 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The shares were acquired at an average price of C$160.21 per share, for a total transaction of C$87,156.42. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 544 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The shares were acquired at an average price of C$160.21 per share, for a total transaction of C$87,156.42. Also, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average price of C$115.29 per share, for a total transaction of C$300,906.90. 1.69% of the stock is owned by company insiders.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.