Royal Bank of Canada Boosts Canadian National Railway (TSE:CNR) Price Target to C$172.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price boosted by Royal Bank of Canada from C$171.00 to C$172.00 in a report released on Wednesday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other research analysts have also recently weighed in on CNR. National Bankshares raised their price target on Canadian National Railway from C$172.00 to C$190.00 in a research report on Thursday, April 4th. Barclays raised their price target on Canadian National Railway from C$170.00 to C$175.00 in a research report on Thursday, April 4th. Raymond James raised their price target on Canadian National Railway from C$185.00 to C$190.00 and gave the company an outperform rating in a research report on Monday, April 22nd. UBS Group dropped their price target on Canadian National Railway from C$205.00 to C$202.00 in a research report on Wednesday. Finally, Veritas Investment Research cut Canadian National Railway from a buy rating to a reduce rating and set a C$168.00 price target for the company. in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned 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$184.50.

Canadian National Railway Trading Up 0.5 %

TSE:CNR opened at C$171.25 on Wednesday. The stock has a fifty day moving average price of C$175.91 and a two-hundred day moving average price of C$165.81. The stock has a market capitalization of C$109.64 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 2.06 and a beta of 0.65. The company has a debt-to-equity ratio of 93.89, a quick ratio of 0.58 and a current ratio of 0.61. Canadian National Railway has a 1 year low of C$143.13 and a 1 year high of C$181.34.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings data on Tuesday, January 23rd. The company reported C$2.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of C$4.47 billion during the quarter, compared to analysts’ expectations of C$4.38 billion. As a group, sell-side analysts anticipate that Canadian National Railway will post 8.0140399 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

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

Insiders Place Their Bets

In other Canadian National Railway 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. In other Canadian National Railway 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 488 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was acquired at an average cost of C$177.40 per share, for a total transaction of C$86,571.20. 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.