Royal Bank of Canada Boosts Canadian National Railway (TSE:CNR) Price Target to C$169.00

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

A number of other analysts have also issued reports on CNR. Sanford C. Bernstein lowered shares of Canadian National Railway from an outperform rating to a market perform rating and dropped their price objective for the company from C$195.00 to C$179.00 in a research note on Monday, July 8th. 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 report on Wednesday, September 25th. National Bank Financial upgraded Canadian National Railway from a hold rating to a strong-buy rating in a research note on Wednesday, June 26th. BMO Capital Markets dropped their target price on 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. Finally, Wells Fargo & Company raised Canadian National Railway to a hold rating in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Canadian National Railway currently has an average rating of Hold and a consensus target price of C$175.36.

Canadian National Railway Stock Down 0.9 %

Shares of TSE CNR opened at C$156.55 on Monday. The stock has a fifty day moving average price of C$157.78 and a 200 day moving average price of C$166.24. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62. Canadian National Railway has a 12-month low of C$143.13 and a 12-month high of C$181.34. The company has a market cap of C$98.55 billion, a P/E ratio of 18.59, a P/E/G ratio of 2.06 and a beta of 0.65.

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 (EPS) for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). The company had revenue of C$4.33 billion during the quarter, compared to analyst estimates of C$4.40 billion. Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. Research analysts anticipate that Canadian National Railway will post 8.5979325 EPS for the current fiscal year.

Canadian National Railway Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a dividend of $0.845 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $3.38 annualized dividend and a yield of 2.16%. Canadian National Railway’s payout ratio is 40.14%.

Insider Transactions at Canadian National Railway

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