Canadian National Railway (TSE:CNR) Upgraded to “Outperform” at National Bankshares

National Bankshares upgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) from a sector perform rating to an outperform rating in a research report report published on Thursday morning, BayStreet.CA reports. The firm currently has C$190.00 target price on the stock.

A number of other research firms have also recently commented on CNR. BMO Capital Markets dropped their price target on shares of Canadian National Railway from C$195.00 to C$188.00 and set an outperform rating for the company in a research note on Wednesday, June 19th. Scotiabank boosted their price target on Canadian National Railway from C$173.00 to C$184.00 and gave the stock a sector perform rating in a research report on Monday, March 25th. Barclays raised their target price on shares of Canadian National Railway from C$170.00 to C$175.00 in a research note on Thursday, April 4th. Royal Bank of Canada upped their price objective on shares of Canadian National Railway from C$171.00 to C$172.00 and gave the company a sector perform rating in a report on Wednesday, April 24th. Finally, Sanford C. Bernstein lifted their price target on Canadian National Railway from C$191.00 to C$195.00 and gave the stock an outperform rating in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Canadian National Railway has a consensus rating of Hold and an average price target of C$184.00.

Canadian National Railway Stock Performance

Shares of TSE CNR opened at C$161.66 on Thursday. 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 quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 101.48. The firm’s 50-day moving average price is C$169.50 and its 200-day moving average price is C$171.13. The company has a market cap of C$102.85 billion, a PE ratio of 19.71, a PEG ratio of 2.06 and a beta of 0.66.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported C$1.72 EPS for the quarter, hitting 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 during the quarter, compared to analysts’ expectations of C$4.29 billion. As a group, analysts anticipate that Canadian National Railway will post 7.7897884 EPS for the current year.

Canadian National Railway Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were paid a $0.845 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $3.38 annualized dividend and a yield of 2.09%. Canadian National Railway’s dividend payout ratio is currently 41.22%.

Insider Activity at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder bought 544 shares of the stock in a transaction on Tuesday, June 25th. The stock was purchased at an average cost of C$160.21 per share, with a total value of C$87,156.42. Company 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.