National Bankshares Trims Canadian National Railway (TSE:CNR) Target Price to C$178.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target cut by National Bankshares from C$181.00 to C$178.00 in a research report report published on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued reports about the company. Sanford C. Bernstein dropped their target price on Canadian National Railway from C$179.00 to C$173.00 in a research report on Wednesday, October 9th. Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$169.00 to C$179.00 in a report on Thursday, October 10th. Barclays cut their target price on 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. CIBC decreased their target price on shares of Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. Finally, TD Securities decreased their price target on Canadian National Railway from C$185.00 to C$180.00 and set a “hold” rating for the company in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Canadian National Railway has a consensus rating of “Moderate Buy” and an average target price of C$171.07.

Canadian National Railway Stock Up 0.5 %

Shares of Canadian National Railway stock opened at C$154.25 on Wednesday. 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 business has a 50-day moving average price of C$157.28 and a 200 day moving average price of C$164.26. Canadian National Railway has a fifty-two week low of C$144.23 and a fifty-two week high of C$181.34. The firm has a market cap of C$97.10 billion, a P/E ratio of 18.29, a P/E/G ratio of 3.38 and a beta of 0.65.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of C$4.40 billion. On average, sell-side analysts forecast that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

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

Insiders Place Their Bets

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 543 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were 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 acquired 1,230 shares of the business’s 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 Canadian National Railway stock in a transaction that occurred on Wednesday, September 25th. The shares were purchased at an average cost of C$157.53 per share, with a total value of C$85,539.88. In the last ninety days, insiders acquired 2,773 shares of company stock worth $437,437. 2.64% of the stock is currently 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.