Canadian National Railway (TSE:CNR) Price Target Cut to C$178.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target lowered by National Bankshares from C$181.00 to C$178.00 in a report issued on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities analysts also recently commented on CNR. ATB Capital lowered their price target on Canadian National Railway from C$177.00 to C$167.00 in a report on Thursday, September 12th. Desjardins dropped their target price on shares of Canadian National Railway from C$192.00 to C$181.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Citigroup upgraded shares of Canadian National Railway to a “hold” rating in a report on Wednesday, October 9th. CIBC dropped their price objective on Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. Finally, Sanford C. Bernstein lowered their target price on Canadian National Railway from C$179.00 to C$173.00 in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$171.07.

Canadian National Railway Trading Up 0.5 %

Shares of TSE:CNR opened at C$154.25 on Wednesday. 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 stock has a market capitalization of C$97.10 billion, a PE ratio of 18.29, a P/E/G ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 1 year low of C$144.23 and a 1 year high of C$181.34. The firm has a fifty day moving average price of C$157.28 and a 200 day moving average price of C$164.26.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.93 by C($0.09). The company had revenue of C$4.33 billion for the quarter, compared to the consensus estimate of C$4.40 billion. Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%. Analysts expect that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.

Canadian National Railway Dividend Announcement

The firm 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 $0.845 dividend. This represents a $3.38 annualized dividend and a yield of 2.19%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is presently 40.14%.

Insider Activity

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 543 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The shares were acquired at an average cost of C$157.53 per share, for a total transaction of C$85,539.88. In related news, Director Shauneen Elizabeth Bruder bought 543 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was acquired at an average cost of C$157.53 per share, with a total value of C$85,539.88. Also, Director Susan C. Jones purchased 1,230 shares of the firm’s stock in a transaction that occurred on 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. In the last 90 days, insiders acquired 2,773 shares of company stock worth $437,437. 2.64% of the stock is currently owned by corporate 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.