Canadian National Railway (TSE:CNR) to Issue Quarterly Dividend of $0.85

Canadian National Railway (TSE:CNR) (NYSE:CNI) announced a quarterly dividend on Tuesday, October 22nd, Zacks reports. Investors of record on Monday, December 9th will be paid a dividend of 0.845 per share on Monday, December 30th. This represents a $3.38 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Monday, December 9th.

Canadian National Railway Stock Down 0.0 %

CNR opened at C$155.07 on Thursday. The company has a fifty day moving average of C$157.27 and a two-hundred day moving average of C$164.33. The stock has a market capitalization of C$97.62 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 3.38 and a beta of 0.65. Canadian National Railway has a fifty-two week low of C$143.16 and a fifty-two week high of C$181.34. 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 (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported C$1.84 EPS for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). The business had revenue of C$4.33 billion during the quarter, compared to analysts’ expectations of C$4.40 billion. Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. On average, research analysts expect that Canadian National Railway will post 8.2610275 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Susan C. Jones acquired 1,230 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was acquired at an average cost of C$162.05 per share, with a total value of C$199,324.82. In related news, Director Josephine Ann Marie Depass Olsovsky acquired 2,610 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were acquired at an average price of C$115.29 per share, with a total value of C$300,906.90. Also, Director Susan C. Jones bought 1,230 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were bought at an average cost of C$162.05 per share, with a total value of C$199,324.82. In the last quarter, insiders purchased 4,383 shares of company stock valued at $585,772. Company insiders own 2.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CNR shares. BMO Capital Markets dropped 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 note on Wednesday, September 11th. Scotiabank dropped their target price on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. Wells Fargo & Company upgraded shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 7th. Barclays lowered their price objective on 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. Finally, UBS Group reduced their target price on Canadian National Railway from C$202.00 to C$189.00 in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$171.00.

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.