Canadian National Railway (TSE:CNR) Upgraded at Citigroup

Citigroup upgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) from a hold rating to a strong-buy rating in a research report report published on Tuesday morning,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Scotiabank dropped their price target 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, September 11th. TD Securities cut their target price on shares of Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Wells Fargo & Company upgraded shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 7th. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Finally, BMO Capital Markets reduced their target price on Canadian National Railway from C$182.00 to C$178.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway presently has a consensus rating of “Moderate Buy” and an average target price of C$171.07.

Canadian National Railway Stock Down 0.9 %

Shares of CNR opened at C$153.35 on Tuesday. The firm has a market cap of C$96.53 billion, a P/E ratio of 18.23, a PEG ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 12 month low of C$149.22 and a 12 month high of C$181.34. The stock’s 50 day moving average is C$156.77 and its two-hundred day moving average is C$161.87. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be paid a dividend of $0.845 per share. This represents a $3.38 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is presently 40.14%.

Insider Activity

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder acquired 543 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was purchased at an average cost of C$157.53 per share, with a total value of C$85,539.88. Also, Director Susan C. Jones bought 1,230 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was bought at an average cost of C$162.05 per share, for a total transaction of C$199,324.82. Insiders bought a total of 4,559 shares of company stock valued at $714,135 in the last 90 days. 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.