JPMorgan Chase & Co. Reaffirms Outperform Rating for Canadian National Railway (TSE:CNR)

JPMorgan Chase & Co. restated their outperform rating on shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) in a research report released on Tuesday morning,BayStreet.CA reports.

A number of other equities analysts also recently commented on the company. Desjardins cut their price objective on Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Barclays reduced their target price on shares of Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating on the stock in a report on Wednesday, September 25th. TD Securities lowered their target price on Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Finally, Raymond James decreased their price target on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$171.07.

Canadian National Railway Stock Down 0.6 %

Shares of TSE:CNR opened at C$146.40 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62. The firm has a market cap of C$92.16 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 3.38 and a beta of 0.65. The stock’s 50-day moving average price is C$150.83 and its two-hundred day moving average price is C$155.92. Canadian National Railway has a 12-month low of C$143.72 and a 12-month high of C$181.34.

Canadian National Railway Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were given a dividend of $0.845 per share. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Monday, December 9th. Canadian National Railway’s payout ratio is 40.14%.

Insider Activity at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder acquired 608 shares of Canadian National Railway stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price of C$145.24 per share, with a total value of C$88,307.74. Also, Senior Officer Ghislain Houle sold 5,741 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of C$150.82, for a total transaction of C$865,844.99. Insiders purchased 6,694 shares of company stock worth $1,005,958 in the last 90 days. 2.64% of the stock is currently owned by company 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.