Canadian National Railway (TSE:CNR) Upgraded to Hold at Stephens

Stephens upgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) to a hold rating in a research report released on Wednesday morning, Zacks.com reports.

A number of other research firms also recently weighed in on CNR. Raymond James upped their target price on shares of Canadian National Railway from C$185.00 to C$190.00 and gave the stock an outperform rating in a research report on Monday, April 22nd. BMO Capital Markets decreased their target price on shares of Canadian National Railway from C$188.00 to C$182.00 in a research note on Wednesday. Royal Bank of Canada dropped their price target on Canadian National Railway from C$172.00 to C$169.00 in a research report on Wednesday. National Bankshares reduced their price objective on 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. Finally, CIBC dropped their target price on Canadian National Railway from C$183.00 to C$170.00 in a report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of C$179.29.

Canadian National Railway Trading Up 1.8 %

CNR opened at C$159.60 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 101.48. Canadian National Railway has a 52 week low of C$143.13 and a 52 week high of C$181.34. The stock has a market cap of C$101.54 billion, a PE ratio of 19.46, a PEG ratio of 2.06 and a beta of 0.66. The business has a 50 day moving average of C$166.07 and a 200-day moving average of C$170.75.

Canadian National Railway Announces Dividend

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

Insider Activity

In related news, Director Shauneen Elizabeth Bruder purchased 544 shares of Canadian National Railway stock in a transaction on Tuesday, June 25th. The stock was acquired at an average price of C$160.21 per share, for a total transaction of C$87,156.42. In other news, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were bought at an average price of C$115.29 per share, for a total transaction of C$300,906.90. Also, Director Shauneen Elizabeth Bruder bought 544 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was purchased at an average cost of C$160.21 per share, with a total value of C$87,156.42. 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.