Canadian National Railway (TSE:CNR) Upgraded at Citigroup

Citigroup upgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) from a hold rating to a strong-buy rating in a research report report published on Tuesday morning,Zacks.com reports.

Several other analysts have also commented on CNR. BMO Capital Markets dropped their price objective on Canadian National Railway from C$182.00 to C$178.00 and set an “outperform” rating on the stock in a report on Wednesday, September 11th. CIBC reduced their price objective on shares of 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. TD Securities decreased their price objective on shares of Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Sanford C. Bernstein lowered their price target on Canadian National Railway from C$179.00 to C$173.00 in a research note on Wednesday, October 9th. Finally, Barclays dropped their price objective on shares of Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating for the company in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$171.07.

Canadian National Railway Price Performance

Shares of TSE CNR opened at C$154.75 on Tuesday. The stock has a market capitalization of C$97.42 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 3.38 and a beta of 0.65. 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 firm’s 50 day simple moving average is C$156.85 and its 200-day simple moving average is C$161.92. Canadian National Railway has a 12 month low of C$149.22 and a 12 month high of C$181.34.

Canadian National Railway Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be given a dividend of $0.845 per share. The ex-dividend date is Monday, December 9th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.18%. Canadian National Railway’s payout ratio is currently 40.14%.

Insider Activity at Canadian National Railway

In other Canadian National Railway news, Director Josephine Ann Marie Depass Olsovsky acquired 1,786 shares of the stock in a transaction dated Wednesday, November 6th. The stock was acquired at an average price of C$154.93 per share, with a total value of C$276,697.30. Also, Director Shauneen Elizabeth Bruder bought 543 shares of Canadian National Railway stock in a transaction on Wednesday, September 25th. The shares were acquired at an average price of C$157.53 per share, for a total transaction of C$85,539.88. In the last quarter, insiders purchased 4,559 shares of company stock worth $714,135. 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.