BMO Capital Markets Trims Canadian National Railway (TSE:CNR) Target Price to C$182.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price trimmed by BMO Capital Markets from C$188.00 to C$182.00 in a research note issued to investors on Wednesday, BayStreet.CA reports.

Several other equities analysts also recently issued reports on CNR. National Bank Financial upgraded Canadian National Railway from a hold rating to a strong-buy rating in a research report on Wednesday, June 26th. Scotiabank reduced their price objective on Canadian National Railway from C$188.00 to C$187.00 in a research report on Wednesday. TD Securities reduced their price objective on Canadian National Railway from C$185.00 to C$180.00 and set a hold rating for the company in a research report on Wednesday. Desjardins boosted their price objective on Canadian National Railway from C$189.00 to C$195.00 and gave the stock a buy rating in a research report on Friday, April 12th. Finally, JPMorgan Chase & Co. cut their target price on Canadian National Railway from C$180.00 to C$176.00 in a research report on Wednesday. One research analyst has rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway has a consensus rating of Hold and an average price target of C$179.29.

Canadian National Railway Stock Performance

Shares of TSE CNR opened at C$159.60 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 101.48. The stock has a 50 day simple moving average of C$166.07 and a 200-day simple moving average of C$170.75. The company has a market cap of C$101.54 billion, a PE ratio of 19.46, a P/E/G ratio of 2.06 and a beta of 0.66. Canadian National Railway has a 12-month low of C$143.13 and a 12-month high of C$181.34.

Canadian National Railway Announces Dividend

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

Insider Buying and Selling

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