Canadian National Railway (TSE:CNR) PT Lowered to C$160.00 at CIBC

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price decreased by CIBC from C$170.00 to C$160.00 in a research report report published on Wednesday morning, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

Several other research firms have also recently issued reports on CNR. JPMorgan Chase & Co. reduced their target price on Canadian National Railway from C$180.00 to C$176.00 in a research note on Wednesday, July 24th. Wells Fargo & Company upgraded shares of Canadian National Railway to a hold rating in a report on Wednesday, July 24th. Scotiabank cut 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 research note on Wednesday. ATB Capital decreased their price target on shares of Canadian National Railway from C$180.00 to C$177.00 in a research note on Wednesday, July 24th. Finally, Barclays cut their price objective on Canadian National Railway from C$175.00 to C$165.00 in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of C$175.64.

Canadian National Railway Trading Up 0.3 %

TSE:CNR opened at C$158.08 on Wednesday. The firm has a market capitalization of C$99.51 billion, a P/E ratio of 18.77, a P/E/G ratio of 2.06 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 company has a fifty day moving average of C$158.84 and a 200 day moving average of C$167.56. Canadian National Railway has a 52 week low of C$143.13 and a 52 week high of C$181.34.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings data 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). 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 net margin of 32.02% and a return on equity of 27.41%. On average, research analysts predict that Canadian National Railway will post 8.8716518 earnings per share for the current year.

Canadian National Railway Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 27th will be given a dividend of $0.845 per share. This represents a $3.38 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Friday, September 6th. Canadian National Railway’s dividend payout ratio (DPR) is 40.14%.

Insider Buying and Selling at Canadian National Railway

In other news, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were purchased at an average price of C$115.29 per share, for a total transaction of C$300,906.90. In other Canadian National Railway news, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of the firm’s stock in a transaction dated 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. Also, Director Shauneen Elizabeth Bruder acquired 544 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The shares were acquired at an average cost of C$160.21 per share, for a total transaction of C$87,156.42. 1.69% of the stock is owned by company insiders.

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.