Canadian National Railway (TSE:CNR) PT Lowered to C$173.00

Canadian National Railway (TSE:CNRFree Report) (NYSE:CNI) had its price target decreased by Sanford C. Bernstein from C$179.00 to C$173.00 in a research report report published on Wednesday, BayStreet.CA reports.

Several other equities research analysts have also recently weighed in on the stock. Royal Bank of Canada boosted their price target on shares of Canadian National Railway from C$160.00 to C$169.00 and gave the stock a sector perform rating in a research report on Monday, September 30th. UBS Group reduced their price target on shares of Canadian National Railway from C$202.00 to C$189.00 in a research report on Wednesday, July 24th. TD Securities reduced their price target on shares of Canadian National Railway from C$185.00 to C$180.00 and set a hold rating on the stock in a research report on Wednesday, July 24th. CIBC reduced their price target on shares of Canadian National Railway from C$170.00 to C$160.00 and set a neutral rating on the stock in a research report on Wednesday, September 11th. Finally, Barclays dropped their price objective on shares of Canadian National Railway from C$165.00 to C$162.00 and set a hold rating for the company in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of Hold and a consensus target price of C$175.14.

Read Our Latest Analysis on CNR

Canadian National Railway Trading Up 0.7 %

Canadian National Railway stock opened at C$159.43 on Wednesday. The stock has a market cap of C$100.36 billion, a P/E ratio of 18.80, a PEG ratio of 2.06 and a beta of 0.65. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. Canadian National Railway has a 1 year low of C$143.13 and a 1 year high of C$181.34. The firm’s 50 day moving average price is C$157.06 and its 200-day moving average price is C$165.42.

Canadian National Railway (TSE:CNRGet Free Report) (NYSE:CNI) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share 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 business had revenue of C$4.33 billion during the quarter, compared to the consensus estimate of C$4.40 billion. On average, equities analysts predict that Canadian National Railway will post 8.5979325 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a $0.845 dividend. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Friday, September 6th. Canadian National Railway’s payout ratio is presently 40.14%.

Insider Transactions at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder purchased 543 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were purchased at an average cost of C$157.53 per share, for a total transaction of C$85,539.88. In related news, Director Susan C. Jones purchased 1,230 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were purchased at an average cost of C$162.05 per share, for a total transaction of C$199,324.82. Also, Director Shauneen Elizabeth Bruder purchased 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. Over the last ninety days, insiders have purchased 4,383 shares of company stock worth $585,772. Insiders own 1.69% of the company’s stock.

Canadian National Railway Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Canadian National Railway (TSE:CNR)

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