Canadian National Railway (TSE:CNR) Given New C$190.00 Price Target at TD Securities

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price boosted by TD Securities from C$185.00 to C$190.00 in a research report released on Wednesday morning, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other equities analysts also recently issued reports on the company. Sanford C. Bernstein lifted their price target on Canadian National Railway from C$191.00 to C$195.00 and gave the company an outperform rating in a research note on Monday, April 15th. Veritas Investment Research downgraded Canadian National Railway from a buy rating to a reduce rating and set a C$168.00 price target for the company. in a research note on Wednesday, January 24th. Desjardins boosted their target price on Canadian National Railway from C$189.00 to C$195.00 and gave the stock a buy rating in a research note on Friday, April 12th. BMO Capital Markets boosted their target price on Canadian National Railway from C$185.00 to C$195.00 in a research note on Monday, April 1st. Finally, CIBC boosted their target price on 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway has a consensus rating of Hold and a consensus price target of C$184.50.

Canadian National Railway Stock Performance

CNR stock opened at C$171.25 on Wednesday. The stock has a 50-day moving average price of C$175.91 and a 200-day moving average price of C$165.81. 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 current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 93.89. The firm has a market cap of C$109.64 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Tuesday, January 23rd. The company reported C$2.02 EPS for the quarter, beating analysts’ consensus estimates of C$1.96 by C$0.06. Canadian National Railway had a return on equity of 27.11% and a net margin of 33.43%. The business had revenue of C$4.47 billion during the quarter, compared to analyst estimates of C$4.38 billion. As a group, equities research analysts expect that Canadian National Railway will post 8.0140399 earnings per share for the current year.

Canadian National Railway Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a $0.845 dividend. The ex-dividend date is Friday, June 7th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 1.97%. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.62%.

Insider Buying and Selling

In related news, Director Shauneen Elizabeth Bruder purchased 6,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average price of C$168.44 per share, with a total value of C$1,010,640.00. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 6,000 shares of the stock in a transaction on Thursday, February 1st. The shares were 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 the business’s 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. 1.67% of the stock is currently owned by insiders.

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.