Scotiabank Boosts Canadian National Railway (TSE:CNR) Price Target to C$184.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price hoisted by Scotiabank from C$173.00 to C$184.00 in a research report sent to investors on Monday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other brokerages have also recently issued reports on CNR. JPMorgan Chase & Co. upped their price target on shares of Canadian National Railway from C$158.00 to C$164.00 and gave the stock a neutral rating in a research note on Wednesday, January 24th. Desjardins increased their price target on shares of Canadian National Railway from C$171.00 to C$189.00 and gave the company a buy rating in a report on Thursday, January 18th. Sanford C. Bernstein boosted their price objective on shares of Canadian National Railway from C$187.00 to C$191.00 and gave the stock an outperform rating in a report on Monday, February 5th. Barclays upped their price target on Canadian National Railway from C$155.00 to C$170.00 and gave the company an equal weight rating in a report on Wednesday, January 10th. Finally, ATB Capital lifted 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 report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of C$179.43.

Canadian National Railway Trading Up 1.0 %

TSE CNR opened at C$178.63 on Monday. The firm has a market capitalization of C$114.37 billion, a PE ratio of 20.94, a P/E/G ratio of 2.06 and a beta of 0.66. The stock’s 50 day moving average is C$173.17 and its 200 day moving average is C$161.72. 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.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its earnings results on Tuesday, January 23rd. The company reported C$2.02 EPS for the quarter, beating analysts’ consensus estimates of C$1.96 by C$0.06. The firm had revenue of C$4.47 billion for the quarter, compared to analysts’ expectations of C$4.38 billion. Canadian National Railway had a net margin of 33.43% and a return on equity of 27.11%. Research analysts forecast that Canadian National Railway will post 8.0022696 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th will be paid a dividend of $0.845 per share. This represents a $3.38 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Wednesday, March 6th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.79. Canadian National Railway’s dividend payout ratio (DPR) is currently 39.62%.

Insider Buying and Selling at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder acquired 6,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were purchased at an average price of C$168.44 per share, with a total value of C$1,010,640.00. In other news, Director Shauneen Elizabeth Bruder bought 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was bought at an average price of C$168.44 per share, with a total value of C$1,010,640.00. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of the company’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. 1.62% of the stock is currently 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.