Canadian National Railway (TSE:CNR) Price Target Raised to C$195.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective hoisted by Desjardins from C$189.00 to C$195.00 in a report issued on Friday, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other brokerages have also commented on CNR. Raymond James raised their price objective on Canadian National Railway from C$175.00 to C$185.00 in a research report on Monday, January 22nd. National Bankshares raised their price objective on Canadian National Railway from C$172.00 to C$190.00 in a research report on Thursday, April 4th. BMO Capital Markets raised their price objective on Canadian National Railway from C$185.00 to C$195.00 in a research report on Monday, April 1st. Sanford C. Bernstein raised their price objective on Canadian National Railway from C$187.00 to C$191.00 and gave the company an outperform rating in a research report on Monday, February 5th. Finally, Veritas Investment Research lowered Canadian National Railway from a buy rating to a reduce rating and set a C$168.00 price objective for the company. in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of C$183.00.

Canadian National Railway Stock Performance

TSE:CNR opened at C$177.43 on Friday. The stock has a market cap of C$113.60 billion, a P/E ratio of 20.80, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. The firm’s fifty day simple moving average is C$175.80 and its 200 day simple moving average is C$164.33. 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.

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

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were given a $0.845 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $3.38 dividend on an annualized basis and a yield of 1.90%. Canadian National Railway’s payout ratio is 39.62%.

Insiders Place Their Bets

In other Canadian National Railway news, Senior Officer Derek Michael Taylor sold 2,610 shares of the business’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. In other news, Director Shauneen Elizabeth Bruder purchased 488 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was acquired at an average cost of C$177.40 per share, for a total transaction of C$86,571.20. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$131.26, for a total value of C$342,577.38. 1.67% of the stock is owned by 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.