JPMorgan Chase & Co. Lowers Canadian National Railway (TSE:CNR) Price Target to C$176.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target trimmed by JPMorgan Chase & Co. from C$180.00 to C$176.00 in a research report released on Wednesday, BayStreet.CA reports.

Several other analysts have also recently issued reports on CNR. UBS Group dropped their target price on Canadian National Railway from C$205.00 to C$202.00 in a report on Wednesday, April 24th. BMO Capital Markets dropped their price objective on shares of Canadian National Railway from C$195.00 to C$188.00 and set an outperform rating for the company in a report on Wednesday, June 19th. Raymond James lifted 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 note on Monday, April 22nd. Scotiabank raised shares of Canadian National Railway from a sector perform rating to an outperform rating and increased their price target for the company from C$184.00 to C$188.00 in a research note on Wednesday, July 10th. Finally, Sanford C. Bernstein lowered 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of Hold and a consensus price target of C$179.29.

Canadian National Railway Trading Up 1.8 %

Shares of Canadian National Railway stock opened at C$159.60 on Wednesday. The company has a debt-to-equity ratio of 101.48, a current ratio of 0.60 and a quick ratio of 0.58. The stock’s 50 day simple moving average is C$166.07 and its 200-day simple moving average is C$170.75. The stock has a market cap of C$101.54 billion, a P/E ratio of 19.46, a P/E/G 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.

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 given a dividend of $0.845 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $3.38 annualized dividend and a dividend yield of 2.12%. Canadian National Railway’s dividend payout ratio is currently 41.22%.

Insider Activity

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 544 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were bought at an average cost of C$160.21 per share, for a total transaction of C$87,156.42. In related news, Director Josephine Ann Marie Depass Olsovsky acquired 2,610 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were acquired at an average price of C$115.29 per share, with a total value of C$300,906.90. Also, Director Shauneen Elizabeth Bruder acquired 544 shares of Canadian National Railway stock in a transaction dated Tuesday, June 25th. The stock was bought at an average price of C$160.21 per share, for a total transaction of C$87,156.42. Insiders own 1.69% of the company’s stock.

Canadian National Railway Company Profile

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.