TD Securities Raises Canadian National Railway (TSE:CNR) Price Target to C$190.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target boosted by TD Securities from C$185.00 to C$190.00 in a research report sent to investors on Wednesday, BayStreet.CA reports. They currently have a hold rating on the stock.

Other equities research analysts also recently issued research reports about the company. Raymond James boosted their target price on Canadian National Railway from C$185.00 to C$190.00 and gave the stock an outperform rating in a research report on Monday, April 22nd. JPMorgan Chase & Co. upped their price objective on Canadian National Railway from C$158.00 to C$164.00 and gave the company a neutral rating in a report on Wednesday, January 24th. Scotiabank upped their price objective on Canadian National Railway from C$173.00 to C$184.00 and gave the company a sector perform rating in a report on Monday, March 25th. Veritas Investment Research downgraded Canadian National Railway from a buy rating to a reduce rating and set a C$168.00 price objective for the company. in a report on Wednesday, January 24th. Finally, CIBC upped their price objective on Canadian National Railway from C$177.00 to C$183.00 and gave the company a neutral rating in a report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average target price of C$184.50.

Canadian National Railway Trading Up 0.5 %

CNR stock opened at C$171.25 on Wednesday. The company has a market cap of C$109.64 billion, a P/E ratio of 20.08, a PEG ratio of 2.06 and a beta of 0.65. Canadian National Railway has a twelve month low of C$143.13 and a twelve month high of C$181.34. 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 fifty day moving average of C$175.91 and a 200-day moving average of C$165.81.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.96 by C$0.06. The company had revenue of C$4.47 billion during the quarter, compared to the consensus estimate of C$4.38 billion. Canadian National Railway had a return on equity of 27.11% and a net margin of 33.43%. As a group, equities research analysts expect that Canadian National Railway will post 8.0140399 EPS for the current year.

Canadian National Railway Dividend Announcement

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

Insider Buying and Selling at Canadian National Railway

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 488 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was purchased at an average cost of C$177.40 per share, with a total value of C$86,571.20. In other news, Director Shauneen Elizabeth Bruder acquired 488 shares of Canadian National Railway stock in a transaction dated Tuesday, March 26th. The stock was bought at an average cost of C$177.40 per share, with a total value of C$86,571.20. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of C$131.26, for a total value of C$342,577.38. 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.