Canadian National Railway (TSE:CNR) Price Target Cut to C$160.00 by Analysts at Royal Bank of Canada

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target decreased by Royal Bank of Canada from C$169.00 to C$160.00 in a research report released on Wednesday, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Other equities research analysts have also recently issued research reports about the company. CIBC reduced their price objective on Canadian National Railway from C$183.00 to C$170.00 in a research note on Wednesday, July 24th. Stephens upgraded shares of Canadian National Railway to a hold rating in a research report on Wednesday, July 24th. ATB Capital decreased their price target on shares of Canadian National Railway from C$180.00 to C$177.00 in a research note on Wednesday, July 24th. Wells Fargo & Company upgraded shares of Canadian National Railway to a hold rating in a research note on Wednesday, July 24th. Finally, BMO Capital Markets decreased their target price on shares of Canadian National Railway from C$188.00 to C$182.00 in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Canadian National Railway presently has a consensus rating of Hold and a consensus price target 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 fifty day simple moving average of C$158.84 and a 200-day simple moving average of C$167.56. 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 current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62. The stock has a market cap of C$99.51 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 2.06 and a beta of 0.65.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings data on Tuesday, July 23rd. The company reported C$1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.93 by C($0.09). Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. The company had revenue of C$4.33 billion during the quarter, compared to analyst estimates of C$4.40 billion. On average, equities analysts forecast that Canadian National Railway will post 8.8716518 EPS for the current fiscal year.

Canadian National Railway Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.845 per share. 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 dividend payout ratio (DPR) is 40.14%.

Insider Activity at Canadian National Railway

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