Canadian National Railway (TSE:CNR) PT Lowered to C$169.00 at Royal Bank of Canada

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective reduced by Royal Bank of Canada from C$172.00 to C$169.00 in a report released on Wednesday morning, BayStreet.CA reports.

Several other research firms have also recently issued reports on CNR. National Bankshares lowered their price objective on shares of Canadian National Railway from C$190.00 to C$186.00 and set an outperform rating for the company in a research report on Wednesday. BMO Capital Markets lowered 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 report on Wednesday, June 19th. UBS Group cut their price objective on shares of Canadian National Railway from C$205.00 to C$202.00 in a report on Wednesday, April 24th. Scotiabank lowered their target price on Canadian National Railway from C$188.00 to C$187.00 in a report on Wednesday. Finally, National Bank Financial raised Canadian National Railway from a hold rating to a strong-buy rating in a research report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Canadian National Railway has an average rating of Hold and an average price target of C$179.29.

Canadian National Railway Price Performance

CNR stock opened at C$159.60 on Wednesday. Canadian National Railway has a 12 month low of C$143.13 and a 12 month high of C$181.34. 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 company has a 50-day moving average price of C$166.07 and a 200 day moving average price of C$170.72. The stock has a market cap of C$101.54 billion, a PE ratio of 19.46, a P/E/G ratio of 2.06 and a beta of 0.66.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released 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 net margin of 32.86% and a return on equity of 27.06%. The firm had revenue of C$4.25 billion during the quarter, compared to analysts’ expectations of C$4.29 billion. Equities research analysts anticipate that Canadian National Railway will post 7.7897884 earnings per share for the current year.

Canadian National Railway Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be paid a dividend of $0.845 per share. The ex-dividend date is Friday, September 6th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.12%. Canadian National Railway’s payout ratio is 41.22%.

Insider Buying and Selling

In other news, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average cost of C$115.29 per share, for a total transaction of C$300,906.90. In related news, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of the company’s stock in a transaction on Friday, July 26th. The shares were bought at an average cost 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 company’s stock in a transaction on Tuesday, June 25th. The stock was bought at an average price of C$160.21 per share, for a total transaction 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.