Canadian National Railway (TSE:CNR) Raised to “Buy” at TD Securities

TD Securities upgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) from a hold rating to a buy rating in a report released on Monday,BayStreet.CA reports. TD Securities currently has C$170.00 price objective on the stock, down from their prior price objective of C$175.00.

A number of other research analysts have also issued reports on CNR. Barclays lowered 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 note on Wednesday, September 25th. Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Desjardins dropped their price target on Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Citigroup upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Finally, Sanford C. Bernstein lowered their price objective on shares of Canadian National Railway from C$179.00 to C$173.00 in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$170.73.

Canadian National Railway Stock Up 0.1 %

Shares of Canadian National Railway stock opened at C$144.32 on Monday. Canadian National Railway has a 12-month low of C$143.18 and a 12-month high of C$181.34. The stock has a market capitalization of C$90.85 billion, a P/E ratio of 17.14, a PEG 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. The stock has a 50 day moving average price of C$150.58 and a two-hundred day moving average price of C$155.57.

Canadian National Railway Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were given a dividend of $0.845 per share. The ex-dividend date was Monday, December 9th. This represents a $3.38 annualized dividend and a dividend yield of 2.34%. Canadian National Railway’s dividend payout ratio (DPR) is presently 40.14%.

Insider Activity at Canadian National Railway

In other news, Director David Lund Freeman bought 1,000 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was bought at an average price of C$152.57 per share, for a total transaction of C$152,572.80. Also, Director Shauneen Elizabeth Bruder bought 608 shares of Canadian National Railway stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of C$145.24 per share, for a total transaction of C$88,307.74. Insiders have purchased a total of 6,694 shares of company stock valued at $1,005,958 in the last 90 days. 2.64% of the stock is 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.