Canadian National Railway (TSE:CNR) Price Target Increased to C$195.00 by Analysts at Desjardins

Canadian National Railway (TSE:CNRFree Report) (NYSE:CNI) had its price objective boosted by Desjardins from C$189.00 to C$195.00 in a report released on Friday, BayStreet.CA reports. They currently have a buy rating on the stock.

CNR has been the topic of several other research reports. TD Securities boosted their price target on Canadian National Railway from C$180.00 to C$185.00 and gave the company a hold rating in a research note on Wednesday, January 24th. Scotiabank boosted their target price on shares of Canadian National Railway from C$173.00 to C$184.00 and gave the company a sector perform rating in a research note on Monday, March 25th. Royal Bank of Canada increased their target price on shares of Canadian National Railway from C$164.00 to C$171.00 in a research report on Monday, April 1st. Barclays boosted their price target on shares of Canadian National Railway from C$170.00 to C$175.00 in a research report on Thursday, April 4th. Finally, Veritas Investment Research lowered shares of Canadian National Railway from a buy rating to a reduce rating and set a C$168.00 price objective for the company. in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus target price of C$182.71.

Read Our Latest Research Report on CNR

Canadian National Railway Trading Down 0.1 %

Shares of CNR stock opened at C$176.95 on Friday. The firm has a market capitalization of C$113.29 billion, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 2.06 and a beta of 0.66. Canadian National Railway has a 1 year low of C$143.13 and a 1 year high of C$181.34. The firm’s fifty day simple moving average is C$175.67 and its 200 day simple moving average is C$163.90. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 93.89.

Canadian National Railway (TSE:CNRGet Free Report) (NYSE:CNI) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.96 by C$0.06. The firm had revenue of C$4.47 billion for the quarter, compared to analyst estimates of C$4.38 billion. Canadian National Railway had a net margin of 33.43% and a return on equity of 27.11%. As a group, sell-side analysts predict that Canadian National Railway will post 8.0824553 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were given a $0.845 dividend. This represents a $3.38 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Wednesday, March 6th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.79. Canadian National Railway’s payout ratio is 39.58%.

Insider Activity

In other news, Director Shauneen Elizabeth Bruder purchased 488 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were acquired at an average price of C$177.40 per share, with a total value of C$86,571.20. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 488 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was acquired at an average cost of C$177.40 per share, with a total value of C$86,571.20. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of C$131.26, for a total transaction of C$342,577.38. Insiders own 1.67% of the company’s stock.

Canadian National Railway Company Profile

(Get Free Report)

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.

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