Canadian National Railway (TSE:CNR) PT Lowered to C$175.00 at TD Securities

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price lowered by TD Securities from C$180.00 to C$175.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Several other research firms also recently commented on CNR. National Bankshares dropped their price objective on shares of Canadian National Railway from C$181.00 to C$178.00 and set an “outperform” rating on the stock in a report on Wednesday. Wells Fargo & Company upgraded shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 7th. Royal Bank of Canada upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$169.00 to C$179.00 in a research note on Thursday, October 10th. CIBC dropped their target price on 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, Stephens raised Canadian National Railway to a “hold” rating in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Canadian National Railway has a consensus rating of “Moderate Buy” and a consensus target price of C$171.07.

Canadian National Railway Price Performance

Canadian National Railway stock opened at C$154.25 on Wednesday. The business’s 50 day simple moving average is C$157.28 and its 200 day simple moving average is C$164.26. Canadian National Railway has a 12 month low of C$144.23 and a 12 month high of C$181.34. The company has a market cap of C$97.10 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 3.38 and a beta of 0.65. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 EPS for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). The firm had revenue of C$4.33 billion for the quarter, compared to analysts’ expectations of C$4.40 billion. Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. Sell-side analysts forecast that Canadian National Railway will post 8.2610275 EPS for the current year.

Canadian National Railway Dividend Announcement

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

Insider Activity at Canadian National Railway

In related news, Director Susan C. Jones purchased 1,230 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was acquired at an average price of C$162.05 per share, with a total value of C$199,324.82. In related news, Director Susan C. Jones acquired 1,230 shares of the stock in a transaction dated Tuesday, September 17th. The shares were purchased at an average price of C$162.05 per share, for a total transaction of C$199,324.82. Also, Director David Lund Freeman acquired 1,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were bought at an average cost of C$152.57 per share, with a total value of C$152,572.80. Insiders have purchased 2,773 shares of company stock valued at $437,437 over the last three months. 2.64% of the stock is owned by corporate 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.