Canadian National Railway (TSE:CNR) Price Target Raised to C$126.00 at Citigroup

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price increased by Citigroup from C$125.00 to C$126.00 in a report published on Wednesday morning, BayStreet.CA reports. Citigroup currently has a neutral rating on the stock.

A number of other research analysts have also recently issued reports on the stock. Raymond James cut their target price 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 note on Wednesday, September 11th. BMO Capital Markets cut their target price on shares of Canadian National Railway from C$182.00 to C$178.00 and set an “outperform” rating for the company in a research note on Wednesday, September 11th. TD Securities cut their target price on shares of Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. cut their target price on shares of Canadian National Railway from C$176.00 to C$169.00 and set a “neutral” rating for the company in a research note on Tuesday, October 8th. Finally, Desjardins cut their target price on shares of Canadian National Railway from C$192.00 to C$181.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$171.00.

Canadian National Railway Stock Down 0.0 %

Shares of CNR opened at C$155.07 on Wednesday. The stock has a market cap of C$97.62 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 3.38 and a beta of 0.65. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62. Canadian National Railway has a 12 month low of C$143.16 and a 12 month high of C$181.34. The company has a 50-day moving average price of C$157.27 and a two-hundred day moving average price of C$164.33.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 EPS for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). The business 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%. Equities analysts predict that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.

Canadian National Railway Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a dividend of $0.845 per share. This represents a $3.38 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Friday, September 6th. Canadian National Railway’s dividend payout ratio is presently 40.14%.

Insiders Place Their Bets

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 543 shares of the stock in a transaction on Wednesday, September 25th. The stock was purchased at an average price of C$157.53 per share, with a total value of C$85,539.88. In other news, Director Susan C. Jones purchased 1,230 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was bought at an average price of C$162.05 per share, with a total value of C$199,324.82. Also, Director Shauneen Elizabeth Bruder purchased 543 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was purchased at an average cost of C$157.53 per share, with a total value of C$85,539.88. In the last 90 days, insiders acquired 4,383 shares of company stock valued at $585,772. Company 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.