Canadian National Railway (TSE:CNR) Price Target Cut to C$170.00 by Analysts at CIBC

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price reduced by CIBC from C$183.00 to C$170.00 in a research note published on Wednesday morning, BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on CNR. Raymond James raised their price objective on shares of Canadian National Railway from C$185.00 to C$190.00 and gave the company an outperform rating in a research note on Monday, April 22nd. Sanford C. Bernstein cut 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 research note on Monday, July 8th. Barclays increased their target price on Canadian National Railway from C$170.00 to C$175.00 in a research note on Thursday, April 4th. National Bank Financial upgraded Canadian National Railway from a hold rating to a strong-buy rating in a research report on Wednesday, June 26th. Finally, Desjardins upped their price target on Canadian National Railway from C$189.00 to C$195.00 and gave the company a buy rating in a research note on Friday, April 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of C$179.29.

Canadian National Railway Stock Up 1.8 %

Shares of TSE CNR opened at C$159.60 on Wednesday. Canadian National Railway has a 1 year low of C$143.13 and a 1 year high of C$181.34. The firm’s 50-day moving average is C$166.07 and its 200-day moving average is C$170.75. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 101.48. The firm has a market capitalization of C$101.54 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 2.06 and a beta of 0.66.

Canadian National Railway Announces Dividend

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 paid a $0.845 dividend. This represents a $3.38 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Friday, September 6th. Canadian National Railway’s payout ratio is currently 41.22%.

Insider Transactions at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder acquired 544 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The shares were acquired at an average cost of C$160.21 per share, with a total value of C$87,156.42. In other news, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of the business’s stock in a transaction on Friday, July 26th. The shares were purchased at an average price of C$115.29 per share, for a total transaction of C$300,906.90. Also, Director Shauneen Elizabeth Bruder purchased 544 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were 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 owned by insiders.

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.