Canadian National Railway (TSE:CNR) Given New C$173.00 Price Target at National Bankshares

Canadian National Railway (TSE:CNRGet Rating) (NYSE:CNI) had its price target increased by National Bankshares from C$166.00 to C$173.00 in a report issued on Thursday, BayStreet.CA reports.

Several other research firms have also recently issued reports on CNR. CIBC upgraded shares of Canadian National Railway from a neutral rating to a buy rating and set a C$167.00 target price on the stock in a research note on Thursday, June 2nd. JPMorgan Chase & Co. increased their price target on shares of Canadian National Railway from C$148.00 to C$150.00 in a report on Wednesday, July 27th. UBS Group decreased their price target on shares of Canadian National Railway from C$184.00 to C$175.00 and set an outperform rating on the stock in a report on Wednesday, July 27th. Royal Bank of Canada increased their price target on shares of Canadian National Railway from C$160.00 to C$163.00 and gave the stock a sector perform rating in a report on Wednesday, July 27th. Finally, Scotiabank increased their price target on shares of Canadian National Railway from C$150.00 to C$152.00 in a report on Wednesday, July 27th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, Canadian National Railway has a consensus rating of Hold and an average target price of C$154.05.

Canadian National Railway Stock Performance

TSE CNR opened at C$153.51 on Thursday. Canadian National Railway has a 1 year low of C$137.26 and a 1 year high of C$171.48. The company has a debt-to-equity ratio of 68.21, a current ratio of 0.71 and a quick ratio of 0.39. The stock has a market capitalization of C$104.71 billion and a PE ratio of 21.09. The company’s 50 day simple moving average is C$157.87 and its two-hundred day simple moving average is C$153.95.

Canadian National Railway (TSE:CNRGet Rating) (NYSE:CNI) last posted its earnings results on Tuesday, July 26th. The company reported C$1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.77 by C$0.16. The firm had revenue of C$4.34 billion during the quarter, compared to analysts’ expectations of C$4.12 billion. Analysts predict that Canadian National Railway will post 7.8700005 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 8th will be issued a $0.7325 dividend. This represents a $2.93 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Wednesday, September 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 37.02%.

Insiders Place Their Bets

In other Canadian National Railway news, Senior Officer Sean Finn sold 1,255 shares of the firm’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of C$162.35, for a total value of C$203,749.25. Following the sale, the insider now owns 20,893 shares of the company’s stock, valued at approximately C$3,391,978.55.

About Canadian National Railway

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Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

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Analyst Recommendations for Canadian National Railway (TSE:CNR)

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