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 trimmed by CIBC from C$183.00 to C$170.00 in a research report released on Wednesday morning, BayStreet.CA reports.

CNR has been the topic of several other research reports. Sanford C. Bernstein cut shares of Canadian National Railway from an outperform rating to a market perform rating and reduced their price target for the company from C$195.00 to C$179.00 in a research report on Monday, July 8th. Scotiabank upgraded shares of Canadian National Railway from a sector perform rating to an outperform rating and boosted their price target for the company from C$184.00 to C$188.00 in a research report on Wednesday, July 10th. TD Securities reduced their price target on shares of Canadian National Railway from C$190.00 to C$185.00 in a research report on Friday, July 12th. Desjardins boosted their price target on shares of Canadian National Railway from C$189.00 to C$195.00 and gave the company a buy rating in a research report on Friday, April 12th. Finally, National Bank Financial upgraded shares of Canadian National Railway from a hold rating to a strong-buy rating in a research report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of C$179.29.

Canadian National Railway Stock Performance

Shares of TSE:CNR 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$170.75. The company has a market cap of C$101.54 billion, a price-to-earnings 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 company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.845 per share. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, September 6th. Canadian National Railway’s payout ratio is 41.22%.

Insider Activity

In other news, Director Shauneen Elizabeth Bruder purchased 544 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were purchased at an average price of C$160.21 per share, for a total transaction of C$87,156.42. In other news, Director Shauneen Elizabeth Bruder purchased 544 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were purchased at an average price of C$160.21 per share, for a total transaction of C$87,156.42. Also, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of the business’s stock in a transaction dated 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. Corporate insiders own 1.69% of the company’s stock.

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.