Canadian National Railway (TSE:CNR) Price Target Raised to C$183.00 at CIBC

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target upped by CIBC from C$177.00 to C$183.00 in a research report released on Wednesday, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

CNR has been the subject of several other research reports. ATB Capital lifted their price target on Canadian National Railway from C$165.00 to C$180.00 and gave the stock a sector perform rating in a research note on Wednesday, January 24th. Veritas Investment Research lowered 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. Scotiabank lifted their price target on Canadian National Railway from C$173.00 to C$184.00 and gave the stock a sector perform rating in a research note on Monday. Royal Bank of Canada lifted their price objective on Canadian National Railway from C$158.00 to C$164.00 and gave the stock a sector perform rating in a report on Wednesday, January 24th. Finally, BMO Capital Markets lifted their price objective on Canadian National Railway from C$175.00 to C$185.00 and gave the stock an outperform rating in a report on Wednesday, January 24th. One equities research 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of C$179.43.

Canadian National Railway Trading Up 1.0 %

Shares of CNR stock opened at C$178.63 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 93.89. The business has a 50-day moving average price of C$173.17 and a two-hundred day moving average price of C$161.72. Canadian National Railway has a 12-month low of C$143.13 and a 12-month high of C$181.34. The firm has a market cap of C$114.37 billion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 2.06 and a beta of 0.66.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of C$4.47 billion during the quarter, compared to analyst estimates of C$4.38 billion. Equities analysts anticipate that Canadian National Railway will post 8.0022696 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 7th will be issued a dividend of $0.845 per share. This represents a $3.38 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Wednesday, March 6th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.79. Canadian National Railway’s payout ratio is currently 39.62%.

Insider Activity at Canadian National Railway

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 6,000 shares of Canadian National Railway stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average price of C$168.44 per share, for a total transaction of C$1,010,640.00. In other Canadian National Railway news, Senior Officer Derek Michael Taylor sold 2,610 shares of the company’s stock in a transaction that occurred 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. Also, Director Shauneen Elizabeth Bruder bought 6,000 shares of Canadian National Railway stock in a transaction on Thursday, February 1st. The shares were purchased at an average price of C$168.44 per share, for a total transaction of C$1,010,640.00. 1.62% of the stock is 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.