CIBC Boosts Canadian National Railway (TSE:CNR) Price Target to C$183.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective upped by CIBC from C$177.00 to C$183.00 in a research note released on Wednesday, BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Several other research analysts have also recently weighed in on CNR. BMO Capital Markets increased their price objective on Canadian National Railway from C$175.00 to C$185.00 and gave the stock an outperform rating in a research report on Wednesday, January 24th. Sanford C. Bernstein increased their price objective on Canadian National Railway from C$187.00 to C$191.00 and gave the stock an outperform rating in a research report on Monday, February 5th. ATB Capital increased their price objective on Canadian National Railway from C$165.00 to C$180.00 and gave the stock a sector perform rating in a research report on Wednesday, January 24th. Veritas Investment Research cut Canadian National Railway from a buy rating to a reduce rating and set a C$168.00 price objective on the stock. in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada increased their price objective on Canadian National Railway from C$158.00 to C$164.00 and gave the stock a sector perform rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Hold and an average target price of C$179.43.

Canadian National Railway Stock Down 0.1 %

CNR opened at C$178.37 on Wednesday. Canadian National Railway has a 1-year low of C$143.13 and a 1-year high of C$181.34. The stock’s fifty day simple moving average is C$173.63 and its 200 day simple moving average is C$161.95. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 93.89. The stock has a market cap of C$114.20 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 2.06 and a beta of 0.66.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted 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. Canadian National Railway had a return on equity of 27.11% and a net margin of 33.43%. The business had revenue of C$4.47 billion for the quarter, compared to analysts’ expectations of C$4.38 billion. As a group, research analysts expect that Canadian National Railway will post 8.0022696 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were paid a $0.845 dividend. The ex-dividend date was Wednesday, March 6th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.79. This represents a $3.38 annualized dividend and a yield of 1.89%. Canadian National Railway’s dividend payout ratio (DPR) is 39.62%.

Insider Activity at Canadian National Railway

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder acquired 6,000 shares of Canadian National Railway stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average cost of C$168.44 per share, with a total value of C$1,010,640.00. In related news, Senior Officer Derek Michael Taylor sold 2,610 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of C$131.26, for a total value of C$342,577.38. Also, Director Shauneen Elizabeth Bruder purchased 6,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were purchased at an average cost of C$168.44 per share, for a total transaction of C$1,010,640.00. 1.62% of the stock is currently owned by insiders.

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.