Canadian National Railway (TSE:CNR) Price Target Raised to C$172.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective hoisted by Royal Bank of Canada from C$171.00 to C$172.00 in a research report report published on Wednesday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

CNR has been the subject of several other research reports. Sanford C. Bernstein boosted their price target on Canadian National Railway from C$191.00 to C$195.00 and gave the stock an outperform rating in a research note on Monday, April 15th. TD Securities upped their price objective on Canadian National Railway from C$185.00 to C$190.00 and gave the company a hold rating in a research report on Wednesday. Scotiabank upped their price objective on Canadian National Railway from C$173.00 to C$184.00 and gave the company a sector perform rating in a research report on Monday, March 25th. ATB Capital upped their price objective on Canadian National Railway from C$165.00 to C$180.00 and gave the company a sector perform rating in a research report on Wednesday, January 24th. Finally, Barclays upped their price objective on Canadian National Railway from C$170.00 to C$175.00 in a research report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway currently has an average rating of Hold and an average price target of C$184.50.

Canadian National Railway Trading Up 0.5 %

Canadian National Railway stock opened at C$171.25 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 93.89. The business’s fifty day simple moving average is C$175.91 and its two-hundred day simple moving average is C$165.94. Canadian National Railway has a 12 month low of C$143.13 and a 12 month high of C$181.34. The company has a market capitalization of C$109.64 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65.

Canadian National Railway Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $0.845 dividend. The ex-dividend date is Friday, June 7th. This represents a $3.38 annualized dividend and a dividend yield of 1.97%. Canadian National Railway’s payout ratio is 39.62%.

Insider Transactions at Canadian National Railway

In other news, Senior Officer Derek Michael Taylor sold 2,610 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of C$131.26, for a total value of C$342,577.38. In other news, Director Shauneen Elizabeth Bruder acquired 488 shares of Canadian National Railway stock in a transaction on Tuesday, March 26th. The shares were bought at an average cost of C$177.40 per share, for a total transaction of C$86,571.20. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of C$131.26, for a total value of C$342,577.38. Company insiders own 1.67% 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.