Sanford C. Bernstein Raises Canadian National Railway (TSE:CNR) Price Target to C$195.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target lifted by Sanford C. Bernstein from C$191.00 to C$195.00 in a report published on Monday, BayStreet.CA reports. Sanford C. Bernstein currently has an outperform rating on the stock.

A number of other brokerages have also recently weighed in on CNR. Scotiabank lifted their price objective on Canadian National Railway from C$173.00 to C$184.00 and gave the company a sector perform rating in a research note on Monday, March 25th. CIBC lifted their price objective on Canadian National Railway from C$177.00 to C$183.00 and gave the company a neutral rating in a research note on Wednesday, March 27th. National Bankshares lifted their price objective on Canadian National Railway from C$172.00 to C$190.00 in a research note on Thursday, April 4th. Desjardins lifted their price objective on Canadian National Railway from C$189.00 to C$195.00 and gave the company a buy rating in a research note on Friday, April 12th. Finally, Veritas Investment Research cut Canadian National Railway from a buy rating to a reduce rating and set a C$168.00 price objective for the company. in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of C$183.00.

Canadian National Railway Price Performance

TSE:CNR opened at C$174.93 on Monday. The stock has a market capitalization of C$112.00 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. The stock’s 50-day moving average price is C$175.87 and its 200-day moving average price is C$164.60. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 93.89. 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 released its earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share for the quarter, beating the consensus estimate of C$1.96 by C$0.06. The business had revenue of C$4.47 billion for the quarter, compared to the consensus estimate of C$4.38 billion. Canadian National Railway had a return on equity of 27.11% and a net margin of 33.43%. As a group, equities analysts expect that Canadian National Railway will post 8.0140399 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were issued a dividend of $0.845 per share. This represents a $3.38 dividend on an annualized basis and a yield of 1.93%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.79. The ex-dividend date was Wednesday, March 6th. Canadian National Railway’s payout ratio is 39.62%.

Insiders Place Their Bets

In other Canadian National Railway news, Senior Officer Derek Michael Taylor sold 2,610 shares of Canadian National Railway stock in a transaction dated Monday, February 26th. The stock was sold at an average price of C$131.26, for a total transaction of C$342,577.38. In other news, Senior Officer Derek Michael Taylor sold 2,610 shares of Canadian National Railway stock in a transaction dated Monday, February 26th. The stock was sold at an average price of C$131.26, for a total transaction of C$342,577.38. Also, Director Shauneen Elizabeth Bruder acquired 488 shares of Canadian National Railway stock in a transaction on Tuesday, March 26th. The shares were bought at an average cost of C$177.40 per share, with a total value of C$86,571.20. 1.67% of the stock is owned by company 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.