Canadian National Railway’s (CNR) “Outperform” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their outperform rating on shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) in a research note issued to investors on Tuesday morning,BayStreet.CA reports.

Several other brokerages have also commented on CNR. BMO Capital Markets cut their price target on 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. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. ATB Capital upped their price objective on Canadian National Railway from C$167.00 to C$168.00 in a research note on Wednesday, October 23rd. Raymond James decreased their price target on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. Finally, UBS Group boosted their price objective on shares of Canadian National Railway from C$189.00 to C$190.00 in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$171.07.

Canadian National Railway Trading Down 0.6 %

Shares of CNR opened at C$146.40 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62. The company has a market cap of C$92.16 billion, a P/E ratio of 17.39, a P/E/G ratio of 3.38 and a beta of 0.65. Canadian National Railway has a twelve month low of C$143.72 and a twelve month high of C$181.34. The company’s fifty day simple moving average is C$150.83 and its 200-day simple moving average is C$155.92.

Canadian National Railway Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were paid a $0.845 dividend. This represents a $3.38 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Monday, December 9th. Canadian National Railway’s payout ratio is currently 40.14%.

Insiders Place Their Bets

In related news, Director Tracy Robinson purchased 3,300 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average price of C$147.99 per share, for a total transaction of C$488,380.20. Also, Director Shauneen Elizabeth Bruder purchased 608 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average cost of C$145.24 per share, with a total value of C$88,307.74. Insiders bought 6,694 shares of company stock worth $1,005,958 in the last 90 days. Corporate 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.