Canadian National Railway (TSE:CNR) Price Target Cut to C$180.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target reduced by Scotiabank from C$187.00 to C$180.00 in a report published on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts also recently issued reports on CNR. UBS Group reduced their price target on shares of Canadian National Railway from C$202.00 to C$189.00 in a report on Wednesday, July 24th. ATB Capital reduced their target price on shares of Canadian National Railway from C$180.00 to C$177.00 in a report on Wednesday, July 24th. BMO Capital Markets reduced their target price on shares of Canadian National Railway from C$188.00 to C$182.00 in a report on Wednesday, July 24th. National Bankshares reduced their target price on shares of Canadian National Railway from C$190.00 to C$186.00 and set an outperform rating on the stock in a report on Wednesday, July 24th. Finally, Barclays reduced their target price on shares of Canadian National Railway from C$175.00 to C$165.00 in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway has a consensus rating of Hold and an average target price of C$174.93.

Canadian National Railway Stock Performance

Shares of TSE CNR opened at C$161.44 on Wednesday. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63. The company has a market cap of C$101.63 billion, a P/E ratio of 19.17, a P/E/G ratio of 2.06 and a beta of 0.65. The firm’s fifty day moving average is C$158.80 and its two-hundred day moving average is C$167.41. Canadian National Railway has a 52-week low of C$143.13 and a 52-week high of C$181.34.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced 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 company had revenue of C$4.33 billion during 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 anticipate that Canadian National Railway will post 8.8716518 EPS for the current fiscal year.

Canadian National Railway Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 27th will be issued a dividend of $0.845 per share. The ex-dividend date is Friday, September 6th. This represents a $3.38 annualized dividend and a yield of 2.09%. Canadian National Railway’s payout ratio is 40.14%.

Insider Activity at Canadian National Railway

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