Canadian National Railway (TSE:CNR) PT Lowered to C$162.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective cut by Barclays from C$165.00 to C$162.00 in a report issued on Wednesday, BayStreet.CA reports. They currently have a hold rating on the stock.

Other analysts have also recently issued research reports about the company. UBS Group reduced their price target on Canadian National Railway from C$202.00 to C$189.00 in a research report on Wednesday, July 24th. Desjardins decreased their target price on Canadian National Railway from C$192.00 to C$181.00 and set a buy rating for the company in a research report on Wednesday, September 11th. Sanford C. Bernstein downgraded Canadian National Railway from an outperform rating to a market perform rating and lowered their price target for the company from C$195.00 to C$179.00 in a report on Monday, July 8th. National Bankshares reduced their price objective on shares of Canadian National Railway from C$190.00 to C$186.00 and set an outperform rating for the company in a research note on Wednesday, July 24th. Finally, BMO Capital Markets decreased their price objective on shares of Canadian National Railway from C$182.00 to C$178.00 and set an outperform rating for the company in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of C$174.71.

Canadian National Railway Price Performance

The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. The firm has a market capitalization of C$99.05 billion, a PE ratio of 18.68, a PEG ratio of 2.06 and a beta of 0.65. Canadian National Railway has a one year low of C$143.13 and a one year high of C$181.34. The company has a 50-day simple moving average of C$158.12 and a 200 day simple moving average of C$166.41.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). The business had revenue of C$4.33 billion for the quarter, compared to the consensus estimate of C$4.40 billion. Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. As a group, equities analysts anticipate that Canadian National Railway will post 8.4685501 EPS for the current year.

Canadian National Railway Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were given a dividend of $0.845 per share. This represents a $3.38 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend was Friday, September 6th. Canadian National Railway’s dividend payout ratio is currently 40.14%.

Insider Activity at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder acquired 543 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The shares were bought at an average price of C$157.53 per share, with a total value of C$85,539.88. In other Canadian National Railway news, Director Susan C. Jones bought 1,230 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were acquired at an average cost of C$162.05 per share, for a total transaction of C$199,324.82. Also, Director Shauneen Elizabeth Bruder purchased 543 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was acquired at an average cost of C$157.53 per share, with a total value of C$85,539.88. Over the last 90 days, insiders purchased 4,383 shares of company stock worth $585,772. Company insiders own 1.69% of the company’s stock.

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.