Desjardins Trims Canadian National Railway (TSE:CNR) Target Price to C$180.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective decreased by Desjardins from C$181.00 to C$180.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

CNR has been the subject of several other reports. UBS Group reduced their price target on Canadian National Railway from C$202.00 to C$189.00 in a research report on Wednesday, July 24th. National Bankshares reduced their price target on Canadian National Railway from C$181.00 to C$178.00 and set an “outperform” rating for the company in a research report on Wednesday. CIBC reduced their price target on Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. JPMorgan Chase & Co. dropped their price objective on Canadian National Railway from C$176.00 to C$169.00 and set a “neutral” rating for the company in a research note on Tuesday, October 8th. Finally, Raymond James dropped 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 note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$171.00.

Canadian National Railway Price Performance

Shares of TSE CNR opened at C$155.07 on Wednesday. The stock has a market cap of C$97.62 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. Canadian National Railway has a fifty-two week low of C$143.16 and a fifty-two week high of C$181.34. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63. The stock has a fifty day moving average of C$157.27 and a 200-day moving average of C$164.33.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share for the quarter, missing the consensus estimate of C$1.93 by C($0.09). The company had revenue of C$4.33 billion during 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%. Equities research analysts anticipate that Canadian National Railway will post 8.2610275 earnings per share for the current year.

Canadian National Railway Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a dividend of $0.845 per share. This represents a $3.38 annualized dividend and a yield of 2.18%. The ex-dividend date was Friday, September 6th. Canadian National Railway’s dividend payout ratio (DPR) is currently 40.14%.

Insiders Place Their Bets

In other news, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of the company’s stock in a transaction on Friday, July 26th. The stock was purchased at an average price of C$115.29 per share, with a total value of C$300,906.90. In related news, Director Susan C. Jones bought 1,230 shares of the stock in a transaction dated Tuesday, September 17th. The stock was bought at an average price of C$162.05 per share, with a total value of C$199,324.82. Also, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of the stock in a transaction dated Friday, July 26th. The stock was bought at an average cost of C$115.29 per share, with a total value of C$300,906.90. Insiders bought a total of 4,383 shares of company stock valued at $585,772 over the last 90 days. 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.