Canadian National Railway (TSE:CNR) Price Target Raised to C$172.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective increased by Royal Bank of Canada from C$171.00 to C$172.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Other research analysts have also recently issued research reports about the stock. TD Securities upped their target price on shares of Canadian National Railway from C$185.00 to C$190.00 and gave the stock a hold rating in a research report on Wednesday. UBS Group decreased their price objective on shares of Canadian National Railway from C$205.00 to C$202.00 in a report on Wednesday. Sanford C. Bernstein increased their price objective on shares of Canadian National Railway from C$191.00 to C$195.00 and gave the company an outperform rating in a report on Monday, April 15th. Raymond James increased their price objective on shares of Canadian National Railway from C$185.00 to C$190.00 and gave the company an outperform rating in a report on Monday, April 22nd. Finally, Barclays increased their price objective on shares of Canadian National Railway from C$170.00 to C$175.00 in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of C$184.50.

Canadian National Railway Price Performance

TSE CNR opened at C$171.25 on Wednesday. Canadian National Railway has a 52 week low of C$143.13 and a 52 week 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 stock has a market cap of C$109.64 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. The company has a 50-day moving average price of C$175.91 and a two-hundred day moving average price of C$165.94.

Canadian National Railway Announces Dividend

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

Insiders Place Their Bets

In related news, Director Shauneen Elizabeth Bruder purchased 6,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were bought at an average cost of C$168.44 per share, for a total transaction of C$1,010,640.00. In related news, Director Shauneen Elizabeth Bruder purchased 6,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were bought at an average cost of C$168.44 per share, for a total transaction of C$1,010,640.00. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of C$131.26, for a total transaction of C$342,577.38. Company 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.