Canadian National Railway (TSE:CNR) PT Raised to C$184.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target lifted by Scotiabank from C$173.00 to C$184.00 in a research report released on Monday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other analysts have also recently issued reports on CNR. ATB Capital raised their price objective on Canadian National Railway from C$165.00 to C$180.00 and gave the company a sector perform rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. lifted their price target on Canadian National Railway from C$158.00 to C$164.00 and gave the stock a neutral rating in a report on Wednesday, January 24th. Desjardins lifted their price target on Canadian National Railway from C$171.00 to C$189.00 and gave the stock a buy rating in a report on Thursday, January 18th. BMO Capital Markets lifted their price target on Canadian National Railway from C$175.00 to C$185.00 and gave the stock an outperform rating in a report on Wednesday, January 24th. Finally, Barclays raised their price objective on Canadian National Railway from C$155.00 to C$170.00 and gave the stock an equal weight rating in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of C$179.43.

Canadian National Railway Stock Down 0.1 %

Shares of CNR stock opened at C$178.37 on Monday. The firm has a fifty day moving average of C$173.43 and a 200-day moving average of C$161.83. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 93.89. 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 capitalization of C$114.20 billion, a price-to-earnings ratio of 20.91, a P/E/G ratio of 2.06 and a beta of 0.66.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported C$2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.96 by C$0.06. Canadian National Railway had a net margin of 33.43% and a return on equity of 27.11%. The company had revenue of C$4.47 billion during the quarter, compared to the consensus estimate of C$4.38 billion. As a group, equities research analysts predict that Canadian National Railway will post 8.0022696 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were issued a dividend of $0.845 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.79. This represents a $3.38 annualized dividend and a yield of 1.89%. Canadian National Railway’s payout ratio is presently 39.62%.

Insiders Place Their Bets

In other Canadian National Railway news, Senior Officer Derek Michael Taylor sold 2,610 shares of Canadian National Railway stock in a transaction dated Monday, February 26th. The stock was sold at an average price of C$131.26, for a total transaction of C$342,577.38. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder acquired 6,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were bought at an average cost of C$168.44 per share, with a total value of C$1,010,640.00. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$131.26, for a total value of C$342,577.38. Company insiders own 1.62% 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.