Barclays Cuts Canadian National Railway (TSE:CNR) Price Target to C$162.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price reduced by Barclays from C$165.00 to C$162.00 in a report published on Wednesday morning, BayStreet.CA reports. Barclays currently has a hold rating on the stock.

Other analysts also recently issued research reports about the company. UBS Group dropped their price target on Canadian National Railway from C$202.00 to C$189.00 in a research report on Wednesday, July 24th. Desjardins dropped their target price on Canadian National Railway from C$192.00 to C$181.00 and set a buy rating for the company in a research report on Wednesday, September 11th. TD Securities dropped their target price on Canadian National Railway from C$185.00 to C$180.00 and set a hold rating for the company in a research report on Wednesday, July 24th. JPMorgan Chase & Co. dropped their target price on Canadian National Railway from C$180.00 to C$176.00 in a research report on Wednesday, July 24th. Finally, Sanford C. Bernstein downgraded Canadian National Railway from an outperform rating to a market perform rating and dropped their target price for the stock from C$195.00 to C$179.00 in a research report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of C$174.71.

Canadian National Railway Stock Performance

The company has a market cap of C$99.05 billion, a P/E ratio of 18.68, a PEG ratio of 2.06 and a beta of 0.65. 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’s 50-day simple moving average is C$158.12 and its 200-day simple moving average is C$166.41. Canadian National Railway has a 12-month low of C$143.13 and a 12-month high of C$181.34.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). The business had revenue of C$4.33 billion for the quarter, compared to the consensus estimate of C$4.40 billion. Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. As a group, analysts predict that Canadian National Railway will post 8.4685501 earnings per share for the current year.

Canadian National Railway Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were paid a dividend of $0.845 per share. The ex-dividend date was Friday, September 6th. This represents a $3.38 annualized dividend and a dividend yield of ∞. Canadian National Railway’s dividend payout ratio (DPR) is presently 40.14%.

Insider Activity

In other Canadian National Railway news, Director Susan C. Jones bought 1,230 shares of Canadian National Railway stock in a transaction dated Tuesday, September 17th. The shares were purchased at an average cost of C$162.05 per share, with a total value of C$199,324.82. In other news, Director Susan C. Jones purchased 1,230 shares of Canadian National Railway stock in a transaction that occurred on Tuesday, September 17th. The shares were bought at an average cost of C$162.05 per share, with a total value of C$199,324.82. Also, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of Canadian National Railway stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average cost of C$115.29 per share, for a total transaction of C$300,906.90. Over the last three months, insiders have acquired 4,383 shares of company stock valued at $585,772. Company 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.