Royal Bank of Canada Boosts Canadian National Railway (TSE:CNR) Price Target to C$172.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective hoisted by Royal Bank of Canada from C$171.00 to C$172.00 in a report issued on Wednesday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Other equities analysts have also issued reports about the stock. Raymond James increased their price objective on shares of Canadian National Railway from C$185.00 to C$190.00 and gave the company an outperform rating in a research report on Monday, April 22nd. CIBC increased their price objective on shares of Canadian National Railway from C$177.00 to C$183.00 and gave the company a neutral rating in a research report on Wednesday, March 27th. Scotiabank raised their price target on shares of 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. UBS Group reduced their price target on shares of Canadian National Railway from C$205.00 to C$202.00 in a research report on Wednesday. Finally, TD Securities raised their price target on shares of Canadian National Railway from C$185.00 to C$190.00 and gave the stock a hold rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of C$184.50.

Canadian National Railway Stock Up 0.5 %

TSE:CNR opened at C$171.25 on Wednesday. Canadian National Railway has a fifty-two week low of C$143.13 and a fifty-two week high of C$181.34. The stock has a market capitalization of C$109.64 billion, a P/E ratio of 20.08, a P/E/G ratio of 2.06 and a beta of 0.65. The company has a debt-to-equity ratio of 93.89, a quick ratio of 0.58 and a current ratio of 0.61. The company’s 50-day simple moving average is C$175.91 and its 200-day simple moving average is C$165.81.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.96 by C$0.06. The business had revenue of C$4.47 billion for the quarter, compared to analysts’ expectations of C$4.38 billion. Canadian National Railway had a net margin of 33.43% and a return on equity of 27.11%. On average, equities analysts anticipate that Canadian National Railway will post 8.0140399 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a $0.845 dividend. The ex-dividend date is Friday, June 7th. This represents a $3.38 dividend on an annualized basis and a yield of 1.97%. Canadian National Railway’s dividend payout ratio is currently 39.62%.

Insider Activity at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder purchased 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were purchased at an average price of C$168.44 per share, with a total value of C$1,010,640.00. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 6,000 shares of the stock in a transaction on Thursday, February 1st. The shares were bought at an average price of C$168.44 per share, with a total value of C$1,010,640.00. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of Canadian National Railway stock in a transaction on Monday, February 26th. The stock was sold at an average price of C$131.26, for a total transaction of C$342,577.38. 1.67% of the stock is owned by corporate insiders.

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.