Citigroup Raises Canadian National Railway (TSE:CNR) Price Target to C$126.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price upped by Citigroup from C$125.00 to C$126.00 in a research report released on Wednesday morning, BayStreet.CA reports. Citigroup currently has a neutral rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. Stephens upgraded shares of Canadian National Railway to a “hold” rating in a research note on Wednesday, July 24th. BMO Capital Markets reduced their price target on shares of Canadian National Railway from C$182.00 to C$178.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. Royal Bank of Canada upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$169.00 to C$179.00 in a research report on Thursday, October 10th. TD Securities cut their target price on Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, Barclays decreased their price target on Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating on the stock in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$171.07.

Canadian National Railway Stock Performance

CNR opened at C$154.25 on Wednesday. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63. Canadian National Railway has a 52-week low of C$144.23 and a 52-week high of C$181.34. The firm has a market cap of C$97.10 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The business’s fifty day moving average is C$157.32 and its 200-day moving average is C$164.00.

Canadian National Railway Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be issued a dividend of $0.845 per share. This represents a $3.38 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is currently 40.14%.

Insider Activity at Canadian National Railway

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 543 shares of Canadian National Railway stock in a transaction on Wednesday, September 25th. The shares were purchased at an average cost of C$157.53 per share, with a total value of C$85,539.88. In related news, Director David Lund Freeman bought 1,000 shares of Canadian National Railway stock in a transaction that occurred on Thursday, October 24th. The shares were acquired at an average cost of C$152.57 per share, for a total transaction of C$152,572.80. Also, Director Shauneen Elizabeth Bruder bought 543 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were purchased at an average cost of C$157.53 per share, with a total value of C$85,539.88. Insiders acquired a total of 2,773 shares of company stock worth $437,437 in the last quarter. 2.64% of the stock is owned by 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.