Royal Bank of Canada Boosts Canadian National Railway (TSE:CNR) Price Target to C$169.00

Canadian National Railway (TSE:CNRFree Report) (NYSE:CNI) had its price target upped by Royal Bank of Canada from C$160.00 to C$169.00 in a research report report published on Monday, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Several other analysts have also recently issued reports on CNR. Stephens upgraded Canadian National Railway to a hold rating in a research report on Wednesday, July 24th. Sanford C. Bernstein lowered shares of Canadian National Railway from an outperform rating to a market perform rating and cut their price objective for the company from C$195.00 to C$179.00 in a report on Monday, July 8th. Scotiabank lowered their target price on shares of Canadian National Railway from C$187.00 to C$180.00 and set an outperform rating on the stock in a report on Wednesday, September 11th. Barclays dropped their target price 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 report on Wednesday, September 25th. Finally, ATB Capital reduced their price target on shares of Canadian National Railway from C$177.00 to C$167.00 in a report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Canadian National Railway currently has a consensus rating of Hold and a consensus target price of C$175.36.

Read Our Latest Research Report on Canadian National Railway

Canadian National Railway Stock Performance

CNR opened at C$154.90 on Monday. The company has a 50 day simple moving average of C$157.52 and a two-hundred day simple moving average of C$166.10. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. The firm has a market cap of C$97.51 billion, a P/E ratio of 18.40, a PEG ratio of 2.06 and a beta of 0.65. Canadian National Railway has a 1-year low of C$143.13 and a 1-year high of C$181.34.

Canadian National Railway (TSE:CNRGet Free Report) (NYSE:CNI) last issued its 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). The firm had revenue of C$4.33 billion during 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 8.5979325 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

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

Insider Buying and Selling at Canadian National Railway

In other news, Director Susan C. Jones bought 1,230 shares of the stock in a transaction dated Tuesday, September 17th. The stock was purchased 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 acquired 543 shares of the company’s stock in a transaction that occurred on 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. Also, Director Susan C. Jones acquired 1,230 shares of the business’s stock in a transaction 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. Insiders have bought 4,383 shares of company stock worth $585,772 over the last quarter. 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.

Further Reading

Analyst Recommendations for Canadian National Railway (TSE:CNR)

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