Barclays Cuts Canadian National Railway (TSE:CNR) Price Target to C$162.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective reduced by Barclays from C$165.00 to C$162.00 in a report published on Wednesday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

Several other equities analysts also recently issued reports on CNR. Scotiabank reduced their price target on shares of Canadian National Railway from C$187.00 to C$180.00 and set an outperform rating for the company in a report on Wednesday, September 11th. Raymond James decreased their target price on shares of Canadian National Railway from C$187.00 to C$180.00 and set an outperform rating for the company in a research report on Wednesday, September 11th. TD Securities dropped their price target on shares of Canadian National Railway from C$185.00 to C$180.00 and set a hold rating on the stock in a research note on Wednesday, July 24th. Wells Fargo & Company upgraded Canadian National Railway to a hold rating in a research report on Wednesday, July 24th. Finally, BMO Capital Markets lowered their target price on Canadian National Railway from C$182.00 to C$178.00 and set an outperform rating on the stock in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of C$174.71.

Canadian National Railway Price Performance

The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62. The stock’s fifty day simple moving average is C$158.12 and its 200-day simple moving average is C$166.41. Canadian National Railway has a 12 month low of C$143.13 and a 12 month high of C$181.34. The firm has a market capitalization of C$99.05 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). The company had revenue of C$4.33 billion for the quarter, compared to analyst estimates of C$4.40 billion. Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%. Research analysts anticipate that Canadian National Railway will post 8.4685501 earnings per share for the current year.

Canadian National Railway Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a dividend of $0.845 per share. This represents a $3.38 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend was Friday, September 6th. Canadian National Railway’s payout ratio is currently 40.14%.

Insiders Place Their Bets

In other Canadian National Railway news, Director Josephine Ann Marie Depass Olsovsky acquired 2,610 shares of Canadian National Railway stock in a transaction dated Friday, July 26th. The stock was bought at an average price of C$115.29 per share, for a total transaction of C$300,906.90. In related news, Director Shauneen Elizabeth Bruder bought 543 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were acquired at an average cost of C$157.53 per share, for a total transaction of C$85,539.88. Also, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of Canadian National Railway stock in a transaction dated Friday, July 26th. The shares were bought at an average cost of C$115.29 per share, with a total value of C$300,906.90. Over the last three months, insiders have acquired 4,383 shares of company stock worth $585,772. 1.69% of the stock is owned by corporate insiders.

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.