Barclays Cuts Canadian National Railway (TSE:CNR) Price Target to C$160.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target reduced by Barclays from C$162.00 to C$160.00 in a research note published on Friday,BayStreet.CA reports.

A number of other equities analysts have also weighed in on the stock. 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. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Citigroup upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. reiterated an “outperform” rating on shares of Canadian National Railway in a report on Tuesday, January 7th. Finally, UBS Group lifted their price target on shares of Canadian National Railway from C$189.00 to C$190.00 in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$170.60.

Canadian National Railway Stock Up 0.1 %

CNR opened at C$146.93 on Friday. Canadian National Railway has a fifty-two week low of C$143.18 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 company has a fifty day moving average of C$149.84 and a two-hundred day moving average of C$155.18. The stock has a market capitalization of C$92.49 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 3.38 and a beta of 0.65.

Canadian National Railway Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were given 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 dividend yield of 2.30%. Canadian National Railway’s payout ratio is currently 40.14%.

Insider Activity at Canadian National Railway

In related news, Director David Lund Freeman purchased 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, with a total value of C$152,572.80. Also, Director Tracy Robinson purchased 3,300 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average cost of C$147.99 per share, for a total transaction of C$488,380.20. Insiders have purchased 6,694 shares of company stock valued at $1,005,958 over the last ninety 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.