Barclays Has Lowered Expectations for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective trimmed by Barclays from C$162.00 to C$160.00 in a report published on Friday morning,BayStreet.CA reports.

A number of other equities analysts have also issued reports on the stock. Royal Bank of Canada upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$169.00 to C$179.00 in a research report on Thursday, October 10th. TD Securities raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and cut their price target for the company from C$175.00 to C$170.00 in a report on Monday, January 13th. Veritas raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Wells Fargo & Company raised shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 7th. Finally, JPMorgan Chase & Co. reaffirmed an “outperform” rating on shares of Canadian National Railway in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, Canadian National Railway presently has a consensus rating of “Moderate Buy” and a consensus price target of C$170.60.

Canadian National Railway Stock Performance

Shares of CNR opened at C$146.93 on Friday. The firm has a 50-day moving average price of C$149.84 and a 200 day moving average price of C$155.18. The firm has a market capitalization of C$92.49 billion, a PE ratio of 17.45, a P/E/G 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. Canadian National Railway has a 52-week low of C$143.18 and a 52-week high of C$181.34.

Canadian National Railway Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were given a $0.845 dividend. This represents a $3.38 annualized dividend and a yield of 2.30%. The ex-dividend date was Monday, December 9th. Canadian National Railway’s dividend payout ratio is currently 40.14%.

Insiders Place Their Bets

In related news, Director David Lund Freeman purchased 1,000 shares of the stock in a transaction on Thursday, October 24th. The shares were purchased at an average cost of C$152.57 per share, for a total transaction of C$152,572.80. Also, Director Shauneen Elizabeth Bruder purchased 608 shares of the stock in a transaction on Monday, December 23rd. The stock was bought at an average price of C$145.24 per share, for a total transaction of C$88,307.74. Insiders have acquired a total of 6,694 shares of company stock valued at $1,005,958 in the last three months. Company insiders own 2.64% of the company’s stock.

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.