Canadian National Railway (TSE:CNR) Price Target Raised to C$190.00

Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI had its price target lifted by Raymond James from C$185.00 to C$190.00 in a research note released on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also commented on CNR. Scotiabank lifted their price objective on shares of Canadian National Railway from C$173.00 to C$184.00 and gave the stock a sector perform rating in a research note on Monday, March 25th. National Bankshares upped their price objective on shares of Canadian National Railway from C$172.00 to C$190.00 in a research note on Thursday, April 4th. CIBC upped their price objective on shares of Canadian National Railway from C$177.00 to C$183.00 and gave the stock a neutral rating in a research note on Wednesday, March 27th. Sanford C. Bernstein upped their price objective on shares of Canadian National Railway from C$191.00 to C$195.00 and gave the stock an outperform rating in a research note on Monday, April 15th. Finally, Veritas Investment Research downgraded shares of Canadian National Railway from a buy rating to a reduce rating and set a C$168.00 target price for the company. in a report on Wednesday, January 24th. One research 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's stock. Based on data from MarketBeat, Canadian National Railway presently has a consensus rating of Hold and an average target price of C$183.36.

Canadian National Railway Trading Up 1.0 %

TSE CNR traded up C$1.72 on Monday, hitting C$177.19. 1,270,702 shares of the stock were exchanged, compared to its average volume of 954,942. The company has a debt-to-equity ratio of 93.89, a quick ratio of 0.58 and a current ratio of 0.61. The stock has a fifty day moving average price of C$175.98 and a two-hundred day moving average price of C$165.15. The firm has a market capitalization of C$113.44 billion, a P/E ratio of 20.84, a P/E/G ratio of 2.06 and a beta of 0.65. Canadian National Railway has a 52-week low of C$143.13 and a 52-week high of C$181.34.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI last posted its quarterly earnings data on Tuesday, January 23rd. The company reported C$2.02 EPS for the quarter, topping the consensus estimate of C$1.96 by C$0.06. The company had revenue of C$4.47 billion during the quarter, compared to analyst estimates of C$4.38 billion. Canadian National Railway had a net margin of 33.43% and a return on equity of 27.11%. Research analysts forecast that Canadian National Railway will post 8.0140399 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were paid a dividend of $0.845 per share. This is a boost from Canadian National Railway's previous quarterly dividend of $0.79. The ex-dividend date was Wednesday, March 6th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 1.91%. Canadian National Railway's dividend payout ratio (DPR) is presently 39.62%.

Insider Transactions at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder acquired 488 shares of the company's stock in a transaction dated Tuesday, March 26th. The shares were acquired at an average price of C$177.40 per share, with a total value of C$86,571.20. In related news, Director Shauneen Elizabeth Bruder purchased 488 shares of the company's stock in a transaction that occurred on Tuesday, March 26th. The shares were purchased at an average price of C$177.40 per share, with a total value of C$86,571.20. 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 transaction of C$342,577.38. Corporate insiders own 1.67% 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.