Canadian National Railway (TSE:CNR) Price Target Raised to C$190.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target lifted by UBS Group from C$189.00 to C$190.00 in a research note released on Thursday, BayStreet.CA reports.

CNR has been the subject of a number of other reports. Desjardins reduced their price objective on shares of Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating for the company in a research note on Wednesday. Stephens upgraded shares of Canadian National Railway to a “hold” rating in a research note on Wednesday, July 24th. Sanford C. Bernstein reduced their price objective on shares of Canadian National Railway from C$179.00 to C$173.00 in a research note on Wednesday, October 9th. Citigroup raised their price objective on shares of Canadian National Railway from C$125.00 to C$126.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, ATB Capital raised their price objective on shares of Canadian National Railway from C$167.00 to C$168.00 in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$171.07.

Canadian National Railway Trading Down 1.0 %

Shares of TSE CNR opened at C$153.52 on Thursday. Canadian National Railway has a 1 year low of C$143.16 and a 1 year high of C$181.34. The stock has a market cap of C$96.64 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The firm has a 50-day moving average of C$157.27 and a 200 day moving average of C$164.33. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58.

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 analysts’ consensus estimates of C$1.93 by C($0.09). Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. The business had revenue of C$4.33 billion for the quarter, compared to analysts’ expectations of C$4.40 billion. As a group, sell-side analysts expect that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.

Canadian National Railway Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders 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 yield of 2.20%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway’s dividend payout ratio is currently 40.14%.

Insider Transactions at Canadian National Railway

In related news, Director Susan C. Jones bought 1,230 shares of the stock in a transaction dated Tuesday, September 17th. The shares were purchased at an average price of C$162.05 per share, with a total value of C$199,324.82. In related news, Director Shauneen Elizabeth Bruder bought 543 shares of the stock in a transaction dated Wednesday, September 25th. The shares were purchased at an average price of C$157.53 per share, with a total value of C$85,539.88. Also, Director Susan C. Jones bought 1,230 shares of the stock in a transaction dated Tuesday, September 17th. The stock was bought at an average cost of C$162.05 per share, for a total transaction of C$199,324.82. Insiders own 2.64% 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.