Canadian National Railway (TSE:CNR) PT Raised to C$169.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target increased by Royal Bank of Canada from C$160.00 to C$169.00 in a research note issued to investors on Monday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other research firms have also recently issued reports on CNR. JPMorgan Chase & Co. reduced their target price on Canadian National Railway from C$180.00 to C$176.00 in a research note on Wednesday, July 24th. CIBC decreased their price objective on shares of Canadian National Railway from C$170.00 to C$160.00 and set a neutral rating for the company in a report on Wednesday, September 11th. Desjardins dropped their target price on shares of 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. National Bank Financial upgraded shares of Canadian National Railway from a hold rating to a strong-buy rating in a research report on Wednesday, June 26th. Finally, Wells Fargo & Company upgraded shares of Canadian National Railway to a hold rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of C$175.36.

Canadian National Railway Trading Down 1.1 %

Shares of CNR opened at C$154.90 on Monday. The firm has a fifty day simple moving average of C$157.52 and a two-hundred day simple moving average of C$166.10. Canadian National Railway has a twelve month low of C$143.13 and a twelve month high of C$181.34. The stock has a market capitalization of C$97.51 billion, a P/E ratio of 18.40, a PEG ratio of 2.06 and a beta of 0.65. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its 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). Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%. The firm had revenue of C$4.33 billion for the quarter, compared to analysts’ expectations of C$4.40 billion. On average, research analysts anticipate that Canadian National Railway will post 8.5979325 EPS for the current year.

Canadian National Railway Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were given a $0.845 dividend. This represents a $3.38 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Friday, September 6th. Canadian National Railway’s dividend payout ratio is presently 40.14%.

Insider Buying and Selling

In other news, Director Josephine Ann Marie Depass Olsovsky acquired 2,610 shares of Canadian National Railway stock in a transaction on Friday, July 26th. The stock was acquired at an average cost of C$115.29 per share, for a total transaction of C$300,906.90. In other Canadian National Railway news, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of the stock in a transaction dated Friday, July 26th. The shares were purchased at an average cost of C$115.29 per share, with a total value of C$300,906.90. Also, Director Shauneen Elizabeth Bruder purchased 543 shares of Canadian National Railway stock in a transaction dated Wednesday, September 25th. The stock was bought at an average price of C$157.53 per share, with a total value of C$85,539.88. Insiders have bought a total of 4,383 shares of company stock worth $585,772 in the last quarter. Corporate insiders own 1.69% of the company’s stock.

Canadian National Railway Company Profile

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.