BMO Capital Markets Trims Canadian National Railway (TSE:CNR) Target Price to C$182.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price decreased by BMO Capital Markets from C$188.00 to C$182.00 in a report released on Wednesday morning, BayStreet.CA reports.

Several other research firms have also recently weighed in on CNR. Scotiabank cut their price target on Canadian National Railway from C$188.00 to C$187.00 in a report on Wednesday. Raymond James raised their price target on Canadian National Railway from C$185.00 to C$190.00 and gave the company an outperform rating in a report on Monday, April 22nd. Sanford C. Bernstein cut Canadian National Railway from an outperform rating to a market perform rating and cut their price target for the company from C$195.00 to C$179.00 in a report on Monday, July 8th. JPMorgan Chase & Co. cut their price target on Canadian National Railway from C$180.00 to C$176.00 in a report on Wednesday. Finally, UBS Group cut their price target on Canadian National Railway from C$205.00 to C$202.00 in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Canadian National Railway presently has an average rating of Hold and an average target price of C$179.29.

Canadian National Railway Stock Up 1.8 %

TSE CNR opened at C$159.60 on Wednesday. The stock’s 50-day moving average price is C$166.07 and its 200-day moving average price is C$170.72. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 101.48. Canadian National Railway has a 52 week low of C$143.13 and a 52 week high of C$181.34. The company has a market capitalization of C$101.54 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 2.06 and a beta of 0.66.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Tuesday, April 23rd. The company reported C$1.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$1.72. The company had revenue of C$4.25 billion for the quarter, compared to the consensus estimate of C$4.29 billion. Canadian National Railway had a return on equity of 27.06% and a net margin of 32.86%. On average, equities research analysts predict that Canadian National Railway will post 7.7897884 earnings per share for the current year.

Canadian National Railway Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be paid 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 2.12%. Canadian National Railway’s dividend payout ratio (DPR) is 41.22%.

Insider Activity

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