Canadian National Railway (TSE:CNR) Upgraded to Hold at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) to a hold rating in a report issued on Wednesday morning, Zacks.com reports.

Other research analysts also recently issued research reports about the company. BMO Capital Markets decreased their price objective on Canadian National Railway from C$188.00 to C$182.00 in a report on Wednesday. Sanford C. Bernstein downgraded Canadian National Railway from an outperform rating to a market perform rating and decreased their price objective for the stock from C$195.00 to C$179.00 in a report on Monday, July 8th. National Bankshares decreased their price objective on Canadian National Railway from C$190.00 to C$186.00 and set an outperform rating on the stock in a report on Wednesday. Raymond James lifted their price objective on Canadian National Railway from C$185.00 to C$190.00 and gave the stock an outperform rating in a report on Monday, April 22nd. Finally, Scotiabank decreased their price objective on Canadian National Railway from C$188.00 to C$187.00 in a report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of C$179.29.

Canadian National Railway Trading Down 2.0 %

TSE CNR opened at C$156.82 on Wednesday. The stock’s 50-day simple moving average is C$166.34 and its two-hundred day simple moving average is C$170.77. 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 0.60 and a debt-to-equity ratio of 101.48. The company has a market capitalization of C$99.77 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 2.06 and a beta of 0.66.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Tuesday, April 23rd. The company reported C$1.72 earnings per share for the quarter, meeting 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 business had revenue of C$4.25 billion for the quarter, compared to the consensus estimate of C$4.29 billion. Research analysts forecast that Canadian National Railway will post 7.7897884 EPS for the current fiscal year.

Canadian National Railway Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be given a dividend of $0.845 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $3.38 annualized dividend and a yield of 2.16%. Canadian National Railway’s payout ratio is 41.22%.

Insider Buying and Selling at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder purchased 544 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were purchased at an average cost of C$160.21 per share, with a total value of C$87,156.42. 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.