Canadian National Railway (TSE:CNR) Receives “Outperform” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their outperform rating on shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) in a research report sent to investors on Tuesday morning,BayStreet.CA reports.

Several other research firms have also weighed in on CNR. National Bankshares decreased their target price 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, October 23rd. Barclays lowered their price objective on Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating for the company in a research report on Wednesday, September 25th. Wells Fargo & Company upgraded Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 7th. TD Securities decreased their price target on Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Finally, Raymond James cut their price objective on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway currently has an average rating of “Moderate Buy” and an average price target of C$171.07.

Canadian National Railway Trading Up 0.9 %

Shares of CNR stock opened at C$149.86 on Tuesday. 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 has a twelve month low of C$143.72 and a twelve month high of C$181.34. The company’s 50-day moving average price is C$151.02 and its 200-day moving average price is C$156.05. The stock has a market cap of C$94.34 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 3.38 and a beta of 0.65.

Canadian National Railway Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were issued a dividend of $0.845 per share. The ex-dividend date was Monday, December 9th. This represents a $3.38 dividend on an annualized basis and a yield of 2.26%. Canadian National Railway’s dividend payout ratio (DPR) is presently 40.14%.

Insiders Place Their Bets

In other news, Director David Lund Freeman bought 1,000 shares of the business’s stock in a transaction that occurred 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 bought 608 shares of Canadian National Railway stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of C$145.24 per share, for a total transaction of C$88,307.74. Insiders acquired a total of 6,694 shares of company stock worth $1,005,958 over the last 90 days. Corporate 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.