Canadian National Railway (TSE:CNR) Cut to Market Perform at Sanford C. Bernstein

Sanford C. Bernstein lowered shares of Canadian National Railway (TSE:CNRFree Report) (NYSE:CNI) from an outperform rating to a market perform rating in a research note released on Monday, MarketBeat Ratings reports. The firm currently has C$179.00 price objective on the stock, down from their previous price objective of C$195.00.

Several other research firms have also recently weighed in on CNR. National Bankshares upgraded Canadian National Railway from a sector perform rating to an outperform rating and set a C$190.00 price objective on the stock in a research report on Thursday, June 27th. Raymond James increased their target price on Canadian National Railway from C$185.00 to C$190.00 and gave the stock an outperform rating in a report on Monday, April 22nd. TD Securities increased their target price on Canadian National Railway from C$185.00 to C$190.00 and gave the stock a hold rating in a report on Wednesday, April 24th. BMO Capital Markets reduced their target price on Canadian National Railway from C$195.00 to C$188.00 and set an outperform rating on the stock in a report on Wednesday, June 19th. Finally, Desjardins increased their target price on Canadian National Railway from C$189.00 to C$195.00 and gave the stock a buy rating in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway presently has a consensus rating of Hold and a consensus price target of C$183.14.

View Our Latest Research Report on CNR

Canadian National Railway Stock Up 2.5 %

CNR opened at C$161.50 on Monday. Canadian National Railway has a 1-year low of C$143.13 and a 1-year high of C$181.34. The stock’s fifty day simple moving average is C$167.90 and its 200 day simple moving average is C$170.95. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 101.48. The stock has a market cap of C$102.75 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 2.06 and a beta of 0.66.

Canadian National Railway (TSE:CNRGet Free Report) (NYSE:CNI) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported C$1.72 earnings per share for the quarter, meeting analysts’ consensus estimates of C$1.72. The business had revenue of C$4.25 billion for the quarter, compared to analysts’ expectations of C$4.29 billion. Canadian National Railway had a return on equity of 27.06% and a net margin of 32.86%. As a group, research analysts expect that Canadian National Railway will post 7.7897884 earnings per share for the current year.

Canadian National Railway Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were issued a dividend of $0.845 per share. The ex-dividend date was Friday, June 7th. This represents a $3.38 annualized dividend and a dividend yield of 2.09%. Canadian National Railway’s dividend payout ratio is 41.22%.

Insider Activity at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder bought 544 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The shares were bought at an average price of C$160.21 per share, with a total value of C$87,156.42. 1.69% of the stock is owned by insiders.

Canadian National Railway Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Canadian National Railway (TSE:CNR)

Receive News & Ratings for Canadian National Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway and related companies with MarketBeat.com's FREE daily email newsletter.