Scotiabank Cuts Canadian National Railway (TSE:CNR) Price Target to C$187.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target lowered by Scotiabank from C$188.00 to C$187.00 in a research report report published on Wednesday, BayStreet.CA reports.

Several other equities research analysts have also recently weighed in on CNR. National Bank Financial upgraded Canadian National Railway from a hold rating to a strong-buy rating in a report on Wednesday, June 26th. ATB Capital dropped their price objective on Canadian National Railway from C$180.00 to C$177.00 in a report on Wednesday. UBS Group dropped their price objective on Canadian National Railway from C$205.00 to C$202.00 in a report on Wednesday, April 24th. JPMorgan Chase & Co. dropped their price objective on Canadian National Railway from C$180.00 to C$176.00 in a report on Wednesday. Finally, Raymond James increased their price objective on Canadian National Railway from C$185.00 to C$190.00 and gave the stock an outperform rating in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of C$179.29.

Canadian National Railway Trading Up 1.8 %

Shares of CNR stock opened at C$159.60 on Wednesday. The stock has a market capitalization of C$101.54 billion, a PE ratio of 19.46, a P/E/G ratio of 2.06 and a beta of 0.66. Canadian National Railway has a 1-year low of C$143.13 and a 1-year high of C$181.34. The business has a 50-day moving average of C$166.07 and a 200 day moving average of C$170.75. The company has a debt-to-equity ratio of 101.48, a current ratio of 0.60 and a quick ratio of 0.58.

Canadian National Railway Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be given a dividend of $0.845 per share. This represents a $3.38 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Friday, September 6th. Canadian National Railway’s dividend payout ratio (DPR) is presently 41.22%.

Insider Activity at Canadian National Railway

In related news, Director Josephine Ann Marie Depass Olsovsky acquired 2,610 shares of Canadian National Railway stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average price of C$115.29 per share, with a total value of C$300,906.90. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 544 shares of Canadian National Railway stock in a transaction on Tuesday, June 25th. The stock was acquired at an average price of C$160.21 per share, with a total value of C$87,156.42. Also, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of Canadian National Railway stock in a transaction on Friday, July 26th. The stock was acquired at an average cost of C$115.29 per share, with a total value of C$300,906.90. 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.