Canadian National Railway (TSE:CNR) Price Target Cut to C$178.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price trimmed by BMO Capital Markets from C$182.00 to C$178.00 in a research report released on Wednesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts have also issued research reports about the company. ATB Capital lowered their price objective on Canadian National Railway from C$180.00 to C$177.00 in a research note on Wednesday, July 24th. National Bankshares reduced their target price on Canadian National Railway from C$190.00 to C$186.00 and set an outperform rating on the stock in a report on Wednesday, July 24th. JPMorgan Chase & Co. dropped their price target on Canadian National Railway from C$180.00 to C$176.00 in a research note on Wednesday, July 24th. UBS Group reduced their price objective on shares of Canadian National Railway from C$202.00 to C$189.00 in a research note on Wednesday, July 24th. Finally, Barclays dropped their target price on shares of Canadian National Railway from C$175.00 to C$165.00 in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of C$175.64.

Canadian National Railway Trading Up 0.3 %

Shares of Canadian National Railway stock opened at C$158.08 on Wednesday. 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 firm has a 50-day moving average of C$158.84 and a 200-day moving average of C$167.56. Canadian National Railway has a 52-week low of C$143.13 and a 52-week high of C$181.34. The stock has a market cap of C$99.51 billion, a PE ratio of 18.77, a PEG ratio of 2.06 and a beta of 0.65.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings data 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). Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%. The business had revenue of C$4.33 billion during the quarter, compared to analyst estimates of C$4.40 billion. As a group, sell-side analysts forecast that Canadian National Railway will post 8.8716518 EPS for the current year.

Canadian National Railway Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be paid a $0.845 dividend. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Friday, September 6th. Canadian National Railway’s payout ratio is 40.14%.

Insider Buying and Selling

In other news, Director Shauneen Elizabeth Bruder bought 544 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was purchased at an average cost of C$160.21 per share, for a total transaction of C$87,156.42. In other Canadian National Railway news, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of the company’s stock in a transaction dated 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. Also, Director Shauneen Elizabeth Bruder purchased 544 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were acquired at an average price of C$160.21 per share, for a total transaction of C$87,156.42. 1.69% of the stock is currently owned by corporate 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.