Canadian National Railway (TSE:CNR) Upgraded at TD Securities

TD Securities upgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) from a hold rating to a buy rating in a research note published on Monday morning, MarketBeat Ratings reports. TD Securities currently has C$170.00 price target on the stock, down from their previous price target of C$175.00.

CNR has been the topic of a number of other research reports. Barclays cut their price objective on shares of Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating on the stock in a research report on Wednesday, September 25th. National Bankshares cut their price target on Canadian National Railway from C$181.00 to C$178.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Sanford C. Bernstein decreased their price objective on Canadian National Railway from C$179.00 to C$173.00 in a report on Wednesday, October 9th. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Finally, Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$170.73.

Canadian National Railway Stock Up 0.3 %

Shares of TSE CNR opened at C$144.32 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62. The firm has a market cap of C$90.85 billion, a PE ratio of 17.14, a P/E/G ratio of 3.38 and a beta of 0.65. The company’s fifty day simple moving average is C$150.44 and its 200 day simple moving average is C$155.46. Canadian National Railway has a 12-month low of C$143.18 and a 12-month high of C$181.34.

Canadian National Railway Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were issued a dividend of $0.845 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $3.38 dividend on an annualized basis and a yield of 2.34%. Canadian National Railway’s dividend payout ratio (DPR) is currently 40.14%.

Insiders Place Their Bets

In other Canadian National Railway news, Senior Officer Ghislain Houle sold 5,741 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of C$150.82, for a total value of C$865,844.99. Also, Director Josephine Ann Marie Depass Olsovsky purchased 1,786 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were bought at an average price of C$154.93 per share, with a total value of C$276,697.30. Over the last quarter, insiders have acquired 6,694 shares of company stock valued at $1,005,958. Insiders own 2.64% of the company’s stock.

Canadian National Railway Company Profile

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.