Sanford C. Bernstein Cuts Canadian National Railway (TSE:CNR) Price Target to C$173.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target lowered by Sanford C. Bernstein from C$179.00 to C$173.00 in a report issued on Wednesday, BayStreet.CA reports.

Other research analysts have also issued reports about the stock. National Bankshares decreased their price target 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. Desjardins cut their price objective on shares of Canadian National Railway from C$192.00 to C$181.00 and set a buy rating on the stock in a research report on Wednesday, September 11th. Barclays cut their price objective on shares of Canadian National Railway from C$165.00 to C$162.00 and set a hold rating on the stock in a research report on Wednesday, September 25th. Stephens raised shares of Canadian National Railway to a hold rating in a research report on Wednesday, July 24th. Finally, TD Securities cut their price objective on shares of Canadian National Railway from C$185.00 to C$180.00 and set a hold rating on the stock in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of C$175.14.

Canadian National Railway Stock Up 0.7 %

Shares of Canadian National Railway stock opened at C$159.43 on Wednesday. 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 company has a 50-day moving average of C$157.06 and a 200 day moving average of C$165.42. The firm has a market cap of C$100.36 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 2.06 and a beta of 0.65. Canadian National Railway has a 1 year low of C$143.13 and a 1 year high of C$181.34.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.93 by C($0.09). The business had revenue of C$4.33 billion during the quarter, compared to the consensus estimate of C$4.40 billion. Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%. As a group, sell-side analysts anticipate that Canadian National Railway will post 8.5979325 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a $0.845 dividend. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Friday, September 6th. Canadian National Railway’s payout ratio is 40.14%.

Insider Buying and Selling

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

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.