UBS Group Cuts Canadian National Railway (TSE:CNR) Price Target to C$202.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective cut by UBS Group from C$205.00 to C$202.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports.

Other analysts have also issued research reports about the stock. CIBC lifted their price target on shares of Canadian National Railway from C$177.00 to C$183.00 and gave the stock a neutral rating in a research note on Wednesday, March 27th. Desjardins boosted their target price on shares of 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. Barclays boosted their target price on shares of Canadian National Railway from C$170.00 to C$175.00 in a research note on Thursday, April 4th. Raymond James boosted their target price on shares of Canadian National Railway from C$185.00 to C$190.00 and gave the company an outperform rating in a research note on Monday, April 22nd. Finally, Scotiabank boosted their target price on shares of 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. One 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. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of C$184.50.

Canadian National Railway Trading Up 0.5 %

TSE CNR opened at C$171.25 on Wednesday. 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 company’s fifty day simple moving average is C$175.91 and its 200-day simple moving average is C$165.94. The stock has a market cap of C$109.64 billion, a P/E ratio of 20.08, a PEG ratio of 2.06 and a beta of 0.65. Canadian National Railway has a 52 week low of C$143.13 and a 52 week high of C$181.34.

Canadian National Railway Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $0.845 dividend. The ex-dividend date is Friday, June 7th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 1.97%. Canadian National Railway’s dividend payout ratio is 39.62%.

Insider Activity

In related news, Senior Officer Derek Michael Taylor sold 2,610 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of C$131.26, for a total value of C$342,577.38. In related news, Senior Officer Derek Michael Taylor sold 2,610 shares of the stock in a transaction that occurred on 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 acquired 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average price of C$168.44 per share, for a total transaction of C$1,010,640.00. 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.