Canadian National Railway (TSE:CNR) Raised to Overweight at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) from an equal weight rating to an overweight rating in a research note released on Monday, MarketBeat.com reports.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. cut their target price on shares of Canadian National Railway from C$180.00 to C$176.00 in a research note on Wednesday, July 24th. ATB Capital dropped their price target on Canadian National Railway from C$177.00 to C$167.00 in a research report on Thursday, September 12th. UBS Group cut their target price on Canadian National Railway from C$202.00 to C$189.00 in a research note on Wednesday, July 24th. TD Securities decreased their target price on Canadian National Railway from C$185.00 to C$180.00 and set a hold rating on the stock in a research note on Wednesday, July 24th. Finally, National Bank Financial raised shares of Canadian National Railway from a hold rating to a strong-buy rating in a report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway presently has an average rating of Hold and an average price target of C$174.43.

Canadian National Railway Stock Performance

Shares of TSE:CNR opened at C$156.31 on Monday. Canadian National Railway has a 1 year low of C$143.13 and a 1 year high of C$181.34. The company’s 50 day simple moving average is C$157.14 and its 200 day simple moving average is C$165.68. 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 stock has a market capitalization of C$98.40 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 EPS for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. The firm had revenue of C$4.33 billion during the quarter, compared to the consensus estimate of C$4.40 billion. As a group, research analysts predict that Canadian National Railway will post 8.5979325 EPS for the current fiscal year.

Canadian National Railway Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were paid a $0.845 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $3.38 annualized dividend and a dividend yield of 2.16%. Canadian National Railway’s dividend payout ratio is presently 40.14%.

Insider Buying and Selling

In other news, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of the stock in a transaction on Friday, July 26th. The shares were bought at an average price of C$115.29 per share, with a total value of C$300,906.90. In related news, Director Susan C. Jones purchased 1,230 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was bought at an average price of C$162.05 per share, for a total transaction of C$199,324.82. Also, Director Josephine Ann Marie Depass Olsovsky acquired 2,610 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average price of C$115.29 per share, with a total value of C$300,906.90. Over the last quarter, insiders have purchased 4,383 shares of company stock worth $585,772. 1.69% of the stock is owned by insiders.

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.