Canadian National Railway (TSE:CNR) Upgraded at Citigroup

Citigroup upgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) to a hold rating in a research note published on Wednesday, Zacks.com reports.

Several other research firms have also commented on CNR. ATB Capital reduced their price target on Canadian National Railway from C$177.00 to C$167.00 in a report on Thursday, September 12th. Wells Fargo & Company upgraded Canadian National Railway from an equal weight rating to an overweight rating in a report on Monday, October 7th. Raymond James reduced their price target on Canadian National Railway from C$187.00 to C$180.00 and set an outperform rating on the stock in a report on Wednesday, September 11th. CIBC reduced their price target on Canadian National Railway from C$170.00 to C$160.00 and set a neutral rating on the stock in a report on Wednesday, September 11th. Finally, Barclays reduced their price objective on shares of Canadian National Railway from C$165.00 to C$162.00 and set a hold rating on the stock in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average target price of C$175.14.

Canadian National Railway Trading Up 0.7 %

Shares of CNR stock opened at C$159.43 on Wednesday. The stock’s fifty day moving average is C$157.06 and its two-hundred day moving average is C$165.42. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63. The firm has a market capitalization of C$100.36 billion, a P/E ratio of 18.80, a PEG ratio of 2.06 and a beta of 0.65. Canadian National Railway has a fifty-two week low of C$143.13 and a fifty-two week high of C$181.34.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported C$1.84 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. The firm had revenue of C$4.33 billion during the quarter, compared to analysts’ expectations of C$4.40 billion. Research analysts expect that Canadian National Railway will post 8.5979325 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were given a dividend of $0.845 per share. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, September 6th. Canadian National Railway’s dividend payout ratio is presently 40.14%.

Insider Transactions at Canadian National Railway

In related news, Director Susan C. Jones acquired 1,230 shares of the stock in a transaction dated Tuesday, September 17th. The stock was acquired at an average cost of C$162.05 per share, with a total value of C$199,324.82. In related news, Director Susan C. Jones acquired 1,230 shares of the stock in a transaction dated Tuesday, September 17th. The stock was acquired at an average cost of C$162.05 per share, with a total value of C$199,324.82. Also, Director Shauneen Elizabeth Bruder purchased 543 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was acquired at an average cost of C$157.53 per share, with a total value of C$85,539.88. Over the last ninety days, insiders purchased 4,383 shares of company stock valued at $585,772. 1.69% of the stock is currently owned by corporate 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.