UBS Group Boosts Canadian National Railway (TSE:CNR) Price Target to C$190.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target boosted by UBS Group from C$189.00 to C$190.00 in a research note issued to investors on Thursday, BayStreet.CA reports.

CNR has been the subject of a number of other reports. Desjardins decreased their price target on Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating for the company in a research note on Wednesday. Wells Fargo & Company raised shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 7th. Barclays dropped their target price on shares of Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating on the stock in a research report on Wednesday, September 25th. Citigroup lifted their price objective on shares of Canadian National Railway from C$125.00 to C$126.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Sanford C. Bernstein cut their target price on Canadian National Railway from C$179.00 to C$173.00 in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$171.07.

Canadian National Railway Stock Performance

Shares of CNR stock opened at C$154.25 on Thursday. Canadian National Railway has a 12-month low of C$144.23 and a 12-month high of C$181.34. The business’s fifty day simple moving average is C$157.32 and its 200-day simple moving average is C$164.00. 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$97.10 billion, a PE ratio of 18.32, a PEG ratio of 3.38 and a beta of 0.65.

Canadian National Railway Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be given a $0.845 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $3.38 annualized dividend and a yield of 2.19%. Canadian National Railway’s dividend payout ratio is presently 40.14%.

Insider Activity

In other news, Director Susan C. Jones acquired 1,230 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was acquired at an average price of C$162.05 per share, for a total transaction of C$199,324.82. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 543 shares of Canadian National Railway 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 bought 1,230 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were acquired at an average price of C$162.05 per share, for a total transaction of C$199,324.82. Insiders bought a total of 2,773 shares of company stock valued at $437,437 in the last three months. 2.64% of the stock is currently owned by corporate insiders.

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.