Canadian National Railway (TSE:CNR) Price Target Raised to C$195.00

Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI had its price objective increased by Desjardins from C$189.00 to C$195.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

CNR has been the subject of a number of other research reports. Scotiabank boosted their price objective on Canadian National Railway from C$173.00 to C$184.00 and gave the company a sector perform rating in a research report on Monday, March 25th. National Bankshares boosted their price target on shares of Canadian National Railway from C$172.00 to C$190.00 in a report on Thursday, April 4th. TD Securities increased their price objective on shares of Canadian National Railway from C$180.00 to C$185.00 and gave the stock a hold rating in a report on Wednesday, January 24th. Raymond James boosted their target price on shares of Canadian National Railway from C$175.00 to C$185.00 in a research note on Monday, January 22nd. Finally, Barclays raised their price target on Canadian National Railway from C$170.00 to C$175.00 in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and an average price target of C$182.71.

Canadian National Railway Stock Down 0.1 %

TSE:CNR traded down C$0.17 during mid-day trading on Friday, reaching C$176.95. The stock had a trading volume of 701,348 shares, compared to its average volume of 959,412. The company has a debt-to-equity ratio of 93.89, a current ratio of 0.61 and a quick ratio of 0.58. The stock's 50 day simple moving average is C$175.54 and its two-hundred day simple moving average is C$163.71. Canadian National Railway has a 1-year low of C$143.13 and a 1-year high of C$181.34. The company has a market capitalization of C$113.29 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 2.06 and a beta of 0.66.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI last posted its quarterly earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$1.96 by C$0.06. Canadian National Railway had a net margin of 33.43% and a return on equity of 27.11%. The company had revenue of C$4.47 billion for the quarter, compared to the consensus estimate of C$4.38 billion. Equities analysts anticipate that Canadian National Railway will post 8.0824553 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were given a dividend of $0.845 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.79. This represents a $3.38 dividend on an annualized basis and a dividend yield of 1.91%. Canadian National Railway's payout ratio is 39.58%.

Insider Activity

In other news, Director Shauneen Elizabeth Bruder purchased 6,000 shares of the business's stock in a transaction dated Thursday, February 1st. The shares were acquired at an average price of C$168.44 per share, for a total transaction of C$1,010,640.00. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 6,000 shares of the firm's stock in a transaction dated Thursday, February 1st. The stock was acquired at an average price of C$168.44 per share, with a total value of C$1,010,640.00. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of Canadian National Railway stock in a transaction on Monday, February 26th. The shares were sold at an average price of C$131.26, for a total value of C$342,577.38. 1.67% of the stock is currently owned by company insiders.

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.