Deutsche Bank Aktiengesellschaft upgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) from a hold rating to a buy rating in a report published on Friday, Analyst Price Targets reports. The brokerage currently has C$137.00 price objective on the stock, up from their prior price objective of C$129.00.
CNR has been the topic of several other research reports. Scotiabank increased their price target on Canadian National Railway from C$160.00 to C$166.00 in a report on Tuesday, December 21st. Stephens reiterated a hold rating and set a C$132.00 price target on shares of Canadian National Railway in a report on Tuesday, January 4th. The Goldman Sachs Group started coverage on Canadian National Railway in a report on Thursday, September 23rd. They set a hold rating and a C$121.00 price target on the stock. Argus restated a hold rating and issued a C$163.00 price objective on shares of Canadian National Railway in a research note on Tuesday, January 4th. Finally, Raymond James set a C$158.00 price objective on shares of Canadian National Railway and gave the stock a market perform rating in a research note on Wednesday, October 20th. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Canadian National Railway presently has a consensus rating of Hold and an average target price of C$150.27.
TSE CNR opened at C$154.97 on Friday. The company has a 50 day simple moving average of C$160.32 and a 200-day simple moving average of C$148.24. The company has a debt-to-equity ratio of 64.57, a current ratio of 1.39 and a quick ratio of 0.96. The firm has a market capitalization of C$109.46 billion and a price-to-earnings ratio of 23.38. Canadian National Railway has a 52-week low of C$125.00 and a 52-week high of C$168.66.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 30th. Investors of record on Thursday, December 9th were given a $0.615 dividend. The ex-dividend date of this dividend was Wednesday, December 8th. This represents a $2.46 annualized dividend and a dividend yield of 1.59%. Canadian National Railway’s dividend payout ratio is presently 36.51%.
In related news, Senior Officer Ghislain Houle sold 5,485 shares of the business’s stock in a transaction that occurred on Monday, November 15th. The stock was sold at an average price of C$161.43, for a total value of C$885,428.19. Following the completion of the transaction, the insider now directly owns 111,147 shares in the company, valued at approximately C$17,942,149.
Canadian National Railway Company Profile
Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. Its portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.
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