Canadian National Railway (TSE:CNR) Upgraded by Wells Fargo & Company to “Overweight”

Wells Fargo & Company upgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) from an equal weight rating to an overweight rating in a report published on Monday morning, BayStreet.CA reports.

CNR has been the topic of a number of other research reports. Royal Bank of Canada boosted their price objective on shares of Canadian National Railway from C$160.00 to C$169.00 and gave the company a sector perform rating in a research report on Monday, September 30th. National Bankshares decreased their price objective on shares of Canadian National Railway from C$190.00 to C$186.00 and set an outperform rating on the stock in a research report on Wednesday, July 24th. ATB Capital decreased their price objective on shares of Canadian National Railway from C$177.00 to C$167.00 in a research report on Thursday, September 12th. Desjardins decreased their price objective on shares of Canadian National Railway from C$192.00 to C$181.00 and set a buy rating on the stock in a research report on Wednesday, September 11th. Finally, National Bank Financial upgraded shares of Canadian National Railway from a hold rating to a strong-buy rating in a research report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway currently has a consensus rating of Hold and an average price target of C$175.36.

Canadian National Railway Stock Up 0.1 %

Shares of TSE:CNR opened at C$154.14 on Monday. Canadian National Railway has a one year low of C$143.13 and a one year high of C$181.34. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. The company has a market cap of C$97.03 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 2.06 and a beta of 0.65. The firm has a fifty day moving average price of C$157.29 and a two-hundred day moving average price of C$165.84.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported C$1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of C$4.33 billion for the quarter, compared to the consensus estimate of C$4.40 billion. Analysts anticipate that Canadian National Railway will post 8.5979325 EPS for the current fiscal year.

Canadian National Railway Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were paid a $0.845 dividend. This represents a $3.38 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Friday, September 6th. Canadian National Railway’s dividend payout ratio (DPR) is presently 40.14%.

Insider Buying and Selling at Canadian National Railway

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder acquired 543 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was acquired at an average cost of C$157.53 per share, for a total transaction of C$85,539.88. In related news, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was bought 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 543 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was bought at an average cost of C$157.53 per share, with a total value of C$85,539.88. In the last ninety days, insiders acquired 4,383 shares of company stock worth $585,772. Company insiders own 1.69% of the company’s stock.

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.