Canadian National Railway (TSE:CNR) Rating Increased to Strong-Buy at Citigroup

Citigroup upgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) from a hold rating to a strong-buy rating in a research note published on Tuesday morning,Zacks.com reports.

A number of other brokerages also recently issued reports on CNR. Barclays lowered their price target on Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating for the company in a report on Wednesday, September 25th. TD Securities dropped their target price on shares of Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Veritas raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. UBS Group raised their price objective on Canadian National Railway from C$189.00 to C$190.00 in a report on Thursday, October 24th. Finally, CIBC cut their target price on Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average price target of C$171.07.

Canadian National Railway Stock Down 0.8 %

Canadian National Railway stock opened at C$154.75 on Tuesday. The stock has a market cap of C$97.42 billion, a PE ratio of 18.38, a P/E/G ratio of 3.38 and a beta of 0.65. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. The stock’s fifty day moving average is C$156.85 and its two-hundred day moving average is C$161.92. Canadian National Railway has a 1-year low of C$149.22 and a 1-year high of C$181.34.

Canadian National Railway Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.845 per share. The ex-dividend date is Monday, December 9th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.18%. Canadian National Railway’s dividend payout ratio (DPR) is 40.14%.

Insider Activity at Canadian National Railway

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 543 shares of Canadian National Railway stock in a transaction on Wednesday, September 25th. The stock was bought at an average price of C$157.53 per share, with a total value of C$85,539.88. Also, Director Susan C. Jones purchased 1,230 shares of the stock in a transaction dated Tuesday, September 17th. The shares were bought at an average cost of C$162.05 per share, for a total transaction of C$199,324.82. Insiders bought a total of 4,559 shares of company stock worth $714,135 over the last 90 days. Company insiders own 2.64% of the company’s stock.

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.