Canadian National Railway (TSE:CNR) Price Target Cut to C$177.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price trimmed by ATB Capital from C$180.00 to C$177.00 in a research report report published on Wednesday morning, BayStreet.CA reports.

Several other research firms have also recently weighed in on CNR. Royal Bank of Canada boosted their price objective on shares of Canadian National Railway from C$171.00 to C$172.00 and gave the company a sector perform rating in a report on Wednesday, April 24th. UBS Group decreased their price objective on shares of Canadian National Railway from C$205.00 to C$202.00 in a report on Wednesday, April 24th. Desjardins boosted their price objective on shares of Canadian National Railway from C$189.00 to C$195.00 and gave the company a buy rating in a report on Friday, April 12th. TD Securities decreased their price objective on shares of Canadian National Railway from C$185.00 to C$180.00 and set a hold rating for the company in a report on Wednesday. Finally, BMO Capital Markets decreased their price objective on shares of Canadian National Railway from C$195.00 to C$188.00 and set an outperform rating for the company in a report on Wednesday, June 19th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Canadian National Railway currently has an average rating of Hold and a consensus price target of C$179.29.

Canadian National Railway Stock Up 1.8 %

CNR opened at C$159.60 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 101.48. The firm has a 50 day moving average price of C$166.07 and a 200-day moving average price of C$170.75. Canadian National Railway has a twelve month low of C$143.13 and a twelve month high of C$181.34. The stock has a market capitalization of C$101.54 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 2.06 and a beta of 0.66.

Canadian National Railway Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be issued a $0.845 dividend. The ex-dividend date is Friday, September 6th. This represents a $3.38 dividend on an annualized basis and a yield of 2.12%. Canadian National Railway’s dividend payout ratio is currently 41.22%.

Insider Buying and Selling at Canadian National Railway

In related news, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of Canadian National Railway stock in a transaction on Friday, July 26th. The shares were bought at an average cost of C$115.29 per share, for a total transaction of C$300,906.90. In other Canadian National Railway news, Director Josephine Ann Marie Depass Olsovsky acquired 2,610 shares of the company’s stock in a transaction on Friday, July 26th. The stock was acquired at an average cost of C$115.29 per share, with a total value of C$300,906.90. Also, Director Shauneen Elizabeth Bruder acquired 544 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was acquired at an average cost of C$160.21 per share, with a total value of C$87,156.42. 1.69% 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.