CIBC Cuts Canadian National Railway (TSE:CNR) Price Target to C$170.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective decreased by CIBC from C$183.00 to C$170.00 in a report published on Wednesday, BayStreet.CA reports.

Several other equities research analysts have also issued reports on the stock. Royal Bank of Canada raised their price target on shares of Canadian National Railway from C$171.00 to C$172.00 and gave the stock a sector perform rating in a research note on Wednesday, April 24th. National Bankshares upgraded shares of Canadian National Railway from a sector perform rating to an outperform rating and set a C$190.00 price target for the company in a research note on Thursday, June 27th. Desjardins lifted their price objective on shares of Canadian National Railway from C$189.00 to C$195.00 and gave the company a buy rating in a research note on Friday, April 12th. JPMorgan Chase & Co. reduced their price objective on shares of Canadian National Railway from C$180.00 to C$176.00 in a research note on Wednesday. Finally, National Bank Financial upgraded shares of Canadian National Railway from a hold rating to a strong-buy rating in a research note on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of C$179.29.

Canadian National Railway Price Performance

Shares of TSE CNR opened at C$159.60 on Wednesday. Canadian National Railway has a fifty-two week low of C$143.13 and a fifty-two week high of C$181.34. The stock has a market cap of C$101.54 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 2.06 and a beta of 0.66. The company has a debt-to-equity ratio of 101.48, a quick ratio of 0.58 and a current ratio of 0.60. The firm’s 50-day simple moving average is C$166.07 and its 200 day simple moving average is C$170.72.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its earnings results on Tuesday, April 23rd. The company reported C$1.72 EPS for the quarter, hitting the consensus estimate of C$1.72. Canadian National Railway had a net margin of 32.86% and a return on equity of 27.06%. The firm had revenue of C$4.25 billion for the quarter, compared to analysts’ expectations of C$4.29 billion. As a group, research analysts anticipate that Canadian National Railway will post 7.7897884 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be issued a $0.845 dividend. This represents a $3.38 annualized dividend and a yield of 2.12%. The ex-dividend date is Friday, September 6th. Canadian National Railway’s payout ratio is 41.22%.

Insider Buying and Selling at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder purchased 544 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was purchased at an average cost of C$160.21 per share, with a total value of C$87,156.42. In related news, Director Josephine Ann Marie Depass Olsovsky acquired 2,610 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was bought at an average cost of C$115.29 per share, with a total value of C$300,906.90. Also, Director Shauneen Elizabeth Bruder purchased 544 shares of the stock in a transaction on Tuesday, June 25th. The stock was acquired at an average cost of C$160.21 per share, with a total value of C$87,156.42. Insiders own 1.69% 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.