Canadian National Railway (TSE:CNR) Price Target Lowered to C$178.00 at National Bankshares

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 research note published on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. decreased their target price on Canadian National Railway from C$176.00 to C$169.00 and set a “neutral” rating for the company in a report on Tuesday, October 8th. Barclays decreased their target price on Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating for the company in a report on Wednesday, September 25th. CIBC cut their price target 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. National Bank Financial raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 26th. Finally, Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$169.00 to C$179.00 in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway has a consensus rating of “Hold” and an average price target of C$171.00.

Canadian National Railway Trading Down 0.0 %

Shares of Canadian National Railway stock opened at C$155.07 on Wednesday. The firm has a market capitalization of C$97.62 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 3.38 and a beta of 0.65. Canadian National Railway has a fifty-two week low of C$143.16 and a fifty-two week high of C$181.34. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63. The stock has a 50 day moving average of C$157.27 and a 200 day moving average of C$164.33.

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

Canadian National Railway Announces Dividend

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

Insiders Place Their Bets

In other Canadian National Railway news, Director Susan C. Jones bought 1,230 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were bought at an average price of C$162.05 per share, for a total transaction of C$199,324.82. In other news, Director Susan C. Jones purchased 1,230 shares of the stock in a transaction that occurred on 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. Also, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average price of C$115.29 per share, for a total transaction of C$300,906.90. In the last 90 days, insiders have acquired 4,383 shares of company stock worth $585,772. Company insiders own 2.64% of the company’s stock.

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.