Canadian National Railway (TSE:CNR) Price Target Cut to C$165.00 by Analysts at Sanford C. Bernstein

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price lowered by Sanford C. Bernstein from C$171.00 to C$165.00 in a report issued on Tuesday morning, BayStreet.CA reports. Sanford C. Bernstein currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the company. Barclays lifted their target price on Canadian National Railway from C$150.00 to C$155.00 and gave the company an equal weight rating in a research report on Wednesday, October 25th. ATB Capital lowered their target price on shares of Canadian National Railway from C$175.00 to C$165.00 and set a sector perform rating for the company in a research note on Thursday, October 12th. Desjardins lifted their price target on shares of Canadian National Railway from C$171.00 to C$172.00 and gave the company a buy rating in a research report on Wednesday, October 25th. BMO Capital Markets lowered their price objective on shares of Canadian National Railway from C$177.00 to C$175.00 in a research report on Wednesday, July 26th. Finally, National Bankshares dropped their target price on shares of Canadian National Railway from C$171.00 to C$168.00 and set a sector perform rating for the company in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of C$166.13.

Canadian National Railway Stock Down 0.0 %

Shares of CNR opened at C$151.42 on Tuesday. Canadian National Railway has a 52-week low of C$143.13 and a 52-week high of C$175.39. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 94.19. The stock has a fifty day simple moving average of C$148.86 and a two-hundred day simple moving average of C$154.39. The company has a market capitalization of C$98.39 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 2.38 and a beta of 0.70.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings data on Tuesday, October 24th. The company reported C$1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.74 by C($0.05). Canadian National Railway had a return on equity of 23.42% and a net margin of 29.08%. The firm had revenue of C$3.99 billion for the quarter, compared to analyst estimates of C$4.09 billion. As a group, equities analysts forecast that Canadian National Railway will post 8.1640667 EPS for the current year.

Canadian National Railway Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Wednesday, December 6th. Canadian National Railway’s dividend payout ratio is presently 42.82%.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in rail and related transportation business. The company offers rail services, which include equipment, custom brokage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services including temperature controlled cargo, port partnership, transloading and distribution, logistic parks, customs brokerage, trucking, and moving grains in containers.