Canadian National Railway (TSE:CNR) Upgraded to Buy at TD Securities

TD Securities upgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) from a hold rating to a buy rating in a report published on Monday morning, Marketbeat.com reports. They currently have C$170.00 price target on the stock, down from their previous price target of C$175.00.

CNR has been the subject of a number of other reports. ATB Capital raised their price target on Canadian National Railway from C$167.00 to C$168.00 in a report on Wednesday, October 23rd. Desjardins cut their target price on Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Barclays decreased their price target on Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating on the stock in a research report on Wednesday, September 25th. Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Wells Fargo & Company raised shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat, Canadian National Railway has a consensus rating of “Moderate Buy” and a consensus target price of C$170.73.

Canadian National Railway Stock Up 0.3 %

CNR opened at C$144.32 on Monday. Canadian National Railway has a 12 month low of C$143.18 and a 12 month high of C$181.34. The company has a market cap of C$90.85 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62. The company has a 50 day moving average of C$150.44 and a 200 day moving average of C$155.46.

Canadian National Railway Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were issued a $0.845 dividend. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Monday, December 9th. Canadian National Railway’s payout ratio is currently 40.14%.

Insider Activity

In other Canadian National Railway news, Director Josephine Ann Marie Depass Olsovsky bought 1,786 shares of Canadian National Railway stock in a transaction that occurred on Wednesday, November 6th. The shares were bought at an average price of C$154.93 per share, with a total value of C$276,697.30. Also, Director David Lund Freeman purchased 1,000 shares of the stock in a transaction on Thursday, October 24th. The stock was acquired at an average cost of C$152.57 per share, with a total value of C$152,572.80. In the last three months, insiders have bought 6,694 shares of company stock worth $1,005,958. 2.64% of the stock is currently owned by 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.