Canadian National Railway (TSE:CNR) Price Target Cut to C$175.00 by Analysts at TD Securities

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target decreased by TD Securities from C$180.00 to C$175.00 in a research report released on Wednesday, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other research firms have also recently commented on CNR. Sanford C. Bernstein cut their target price on Canadian National Railway from C$179.00 to C$173.00 in a research report on Wednesday, October 9th. Raymond James cut their price target on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. Wells Fargo & Company raised Canadian National Railway from an “equal weight” rating to an “overweight” rating in a report on Monday, October 7th. Desjardins cut their target price on shares of Canadian National Railway from C$192.00 to C$181.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Finally, CIBC decreased their price target on shares of Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$171.07.

Canadian National Railway Trading Up 0.5 %

TSE CNR opened at C$154.25 on Wednesday. The firm’s fifty day moving average price is C$157.32 and its 200 day moving average price is C$164.00. Canadian National Railway has a 12 month low of C$144.23 and a 12 month high of C$181.34. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. The company has a market capitalization of C$97.10 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65.

Canadian National Railway Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be paid a $0.845 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.19%. Canadian National Railway’s dividend payout ratio (DPR) is presently 40.14%.

Insider Buying and Selling

In related news, Director Shauneen Elizabeth Bruder acquired 543 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were purchased at an average price of C$157.53 per share, with a total value of C$85,539.88. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder acquired 543 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were acquired at an average cost of C$157.53 per share, for a total transaction of C$85,539.88. Also, Director David Lund Freeman bought 1,000 shares of the stock in a transaction on Thursday, October 24th. The shares were bought at an average price of C$152.57 per share, for a total transaction of C$152,572.80. Insiders have acquired 2,773 shares of company stock valued at $437,437 over the last quarter. Company insiders own 2.64% 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.