Canadian National Railway (TSE:CNR) Price Target Raised to C$195.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target upped by Sanford C. Bernstein from C$191.00 to C$195.00 in a research note published on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms have also recently issued reports on CNR. CIBC boosted their target price on Canadian National Railway from C$177.00 to C$183.00 and gave the company a neutral rating in a research note on Wednesday, March 27th. BMO Capital Markets upped their price objective on Canadian National Railway from C$185.00 to C$195.00 in a research report on Monday, April 1st. JPMorgan Chase & Co. upped their price objective on Canadian National Railway from C$158.00 to C$164.00 and gave the stock a neutral rating in a research report on Wednesday, January 24th. Raymond James upped their price objective on Canadian National Railway from C$175.00 to C$185.00 in a research report on Monday, January 22nd. Finally, ATB Capital upped their price objective on Canadian National Railway from C$165.00 to C$180.00 and gave the stock a sector perform rating in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, Canadian National Railway has a consensus rating of Hold and a consensus price target of C$183.00.

Canadian National Railway Trading Down 0.5 %

CNR stock opened at C$174.93 on Monday. The company has a market cap of C$112.00 billion, a P/E ratio of 20.51, a PEG ratio of 2.06 and a beta of 0.65. Canadian National Railway has a twelve month low of C$143.13 and a twelve month high of C$181.34. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 93.89. The business has a fifty day moving average of C$175.87 and a 200-day moving average of C$164.60.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.96 by C$0.06. The company had revenue of C$4.47 billion during the quarter, compared to the consensus estimate of C$4.38 billion. Canadian National Railway had a return on equity of 27.11% and a net margin of 33.43%. As a group, equities research analysts expect that Canadian National Railway will post 8.0140399 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were issued a dividend of $0.845 per share. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $3.38 annualized dividend and a dividend yield of 1.93%. Canadian National Railway’s dividend payout ratio (DPR) is 39.62%.

Insider Activity at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder acquired 6,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average price of C$168.44 per share, with a total value of C$1,010,640.00. In related news, Director Shauneen Elizabeth Bruder bought 6,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average cost of C$168.44 per share, with a total value of C$1,010,640.00. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of Canadian National Railway stock in a transaction dated Monday, February 26th. The stock was sold at an average price of C$131.26, for a total value of C$342,577.38. 1.67% 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.