Raymond James Raises Canadian National Railway (TSE:CNR) Price Target to C$190.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target increased by Raymond James from C$185.00 to C$190.00 in a research report sent to investors on Monday, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock. Raymond James also issued estimates for Canadian National Railway’s Q1 2024 earnings at $1.73 EPS, Q2 2024 earnings at $1.99 EPS, Q4 2024 earnings at $2.25 EPS and FY2025 earnings at $8.25 EPS.

A number of other research analysts have also recently issued reports on CNR. BMO Capital Markets raised their price target on shares of Canadian National Railway from C$185.00 to C$195.00 in a report on Monday, April 1st. Desjardins raised their price target on shares of Canadian National Railway from C$189.00 to C$195.00 and gave the stock a buy rating in a report on Friday, April 12th. Sanford C. Bernstein raised their price target on shares of Canadian National Railway from C$191.00 to C$195.00 and gave the stock an outperform rating in a report on Monday, April 15th. ATB Capital raised their price target on shares of Canadian National Railway from C$165.00 to C$180.00 and gave the stock a sector perform rating in a report on Wednesday, January 24th. Finally, Scotiabank raised their price target on shares of Canadian National Railway from C$173.00 to C$184.00 and gave the stock a sector perform rating in a report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of C$184.50.

Canadian National Railway Price Performance

Shares of CNR opened at C$170.40 on Monday. The company has a market cap of C$109.10 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. Canadian National Railway has a twelve month low of C$143.13 and a twelve month high of C$181.34. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 93.89. The company has a 50 day moving average of C$175.98 and a two-hundred day moving average of C$165.64.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced 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 company had revenue of C$4.47 billion during the quarter, compared to the consensus estimate of C$4.38 billion. Canadian National Railway had a net margin of 33.43% and a return on equity of 27.11%. As a group, analysts predict that Canadian National Railway will post 8.0140399 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.845 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.38 annualized dividend and a dividend yield of 1.98%. Canadian National Railway’s dividend payout ratio is currently 39.62%.

Insiders Place Their Bets

In other news, Director Shauneen Elizabeth Bruder purchased 6,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were bought at an average cost of C$168.44 per share, with a total value of C$1,010,640.00. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 6,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were purchased at an average price of C$168.44 per share, for a total transaction of C$1,010,640.00. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of C$131.26, for a total transaction of C$342,577.38. 1.67% of the stock is owned by corporate 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.