Canadian National Railway (TSE:CNR) Raised to “Outperform” at National Bankshares

National Bankshares upgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) from a sector perform rating to an outperform rating in a research report sent to investors on Thursday morning, BayStreet.CA reports. The firm currently has C$190.00 target price on the stock.

A number of other research analysts have also recently commented on the stock. Barclays increased their price target on shares of Canadian National Railway from C$170.00 to C$175.00 in a research report on Thursday, April 4th. CIBC boosted their price target on shares of Canadian National Railway from C$177.00 to C$183.00 and gave the company a neutral rating in a research report on Wednesday, March 27th. TD Securities raised their price objective on Canadian National Railway from C$185.00 to C$190.00 and gave the company a hold rating in a research report on Wednesday, April 24th. Royal Bank of Canada upped their price target on shares of Canadian National Railway from C$171.00 to C$172.00 and gave the stock a sector perform rating in a research note on Wednesday, April 24th. Finally, Raymond James boosted their price target on Canadian National Railway from C$185.00 to C$190.00 and gave the stock an outperform rating in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of C$184.00.

Canadian National Railway Stock Performance

CNR stock opened at C$161.66 on Thursday. The firm has a market cap of C$102.85 billion, a PE ratio of 19.71, a P/E/G ratio of 2.06 and a beta of 0.66. 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 business has a 50 day moving average of C$169.50 and a 200-day moving average of C$171.13. Canadian National Railway has a 12-month low of C$143.13 and a 12-month high of C$181.34.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported C$1.72 EPS for the quarter, hitting analysts’ consensus estimates of C$1.72. Canadian National Railway had a return on equity of 27.06% and a net margin of 32.86%. The firm had revenue of C$4.25 billion during the quarter, compared to analyst estimates of C$4.29 billion. As a group, sell-side analysts expect that Canadian National Railway will post 7.7897884 earnings per share for the current year.

Canadian National Railway Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were issued a dividend of $0.845 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $3.38 dividend on an annualized basis and a yield of 2.09%. Canadian National Railway’s payout ratio is currently 41.22%.

Insider Activity

In other news, Director Shauneen Elizabeth Bruder bought 544 shares of Canadian National Railway stock in a transaction on Tuesday, June 25th. The shares were bought at an average cost of C$160.21 per share, for a total transaction of C$87,156.42. Corporate insiders own 1.69% of the company’s stock.

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.