ATB Capital Raises Canadian National Railway (TSE:CNR) Price Target to C$168.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective boosted by ATB Capital from C$167.00 to C$168.00 in a research note published on Wednesday, BayStreet.CA reports.

A number of other analysts also recently issued reports on the stock. Citigroup upgraded shares of Canadian National Railway to a “hold” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. lowered their price target on shares of Canadian National Railway from C$176.00 to C$169.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 8th. Wells Fargo & Company upgraded shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 7th. UBS Group decreased their price objective on Canadian National Railway from C$202.00 to C$189.00 in a report on Wednesday, July 24th. Finally, Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$169.00 to C$179.00 in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eight have assigned 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$171.07.

Canadian National Railway Price Performance

CNR stock opened at C$154.25 on Wednesday. The stock has a 50-day moving average price of C$157.28 and a two-hundred day moving average price of C$164.26. Canadian National Railway has a 1 year low of C$144.23 and a 1 year high of C$181.34. The stock has a market cap of C$97.10 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported C$1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). The firm 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 forecast that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.

Canadian National Railway Announces Dividend

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

Insider Buying and Selling at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder bought 543 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was bought at an average price of C$157.53 per share, for a total transaction of C$85,539.88. In other news, Director Susan C. Jones purchased 1,230 shares of Canadian National Railway stock in a transaction that occurred on Tuesday, September 17th. The stock was acquired at an average cost of C$162.05 per share, for a total transaction of C$199,324.82. Also, Director Shauneen Elizabeth Bruder acquired 543 shares of the stock in a transaction on Wednesday, September 25th. The shares were purchased at an average price of C$157.53 per share, for a total transaction of C$85,539.88. Insiders have purchased a total of 2,773 shares of company stock worth $437,437 over the last ninety days. 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.