Canadian National Railway (TSE:CNR) Given New C$160.00 Price Target at CIBC

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target reduced by CIBC from C$170.00 to C$160.00 in a report released on Wednesday, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

A number of other brokerages have also recently weighed in on CNR. Desjardins lowered their price target on Canadian National Railway from C$192.00 to C$181.00 and set a buy rating on the stock in a research report on Wednesday. BMO Capital Markets dropped their target price on shares of Canadian National Railway from C$188.00 to C$182.00 in a research report on Wednesday, July 24th. UBS Group dropped their target price on shares of Canadian National Railway from C$202.00 to C$189.00 in a research report on Wednesday, July 24th. Stephens upgraded shares of Canadian National Railway to a hold rating in a research report on Wednesday, July 24th. Finally, TD Securities dropped their target price on shares of Canadian National Railway from C$185.00 to C$180.00 and set a hold rating for the company in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway has an average rating of Hold and a consensus target price of C$174.93.

Canadian National Railway Price Performance

Shares of TSE:CNR opened at C$161.44 on Wednesday. Canadian National Railway has a 1-year low of C$143.13 and a 1-year high of C$181.34. The firm has a market capitalization of C$101.63 billion, a PE ratio of 19.17, a PEG ratio of 2.06 and a beta of 0.65. The business’s 50 day moving average is C$158.80 and its 200-day moving average is C$167.41. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported C$1.84 earnings per share for the quarter, missing the consensus estimate of C$1.93 by C($0.09). Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%. The firm had revenue of C$4.33 billion for the quarter, compared to analyst estimates of C$4.40 billion. Sell-side analysts predict that Canadian National Railway will post 8.8716518 earnings per share for the current year.

Canadian National Railway Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be given a dividend of $0.845 per share. This represents a $3.38 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Friday, September 6th. Canadian National Railway’s dividend payout ratio is 40.14%.

Insider Transactions at Canadian National Railway

In other Canadian National Railway news, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of the 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 other news, Director Shauneen Elizabeth Bruder acquired 544 shares of Canadian National Railway stock in a transaction that occurred on Tuesday, June 25th. The shares were 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 acquired 2,610 shares of Canadian National Railway stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average cost of C$115.29 per share, for a total transaction of C$300,906.90. 1.69% of the stock is owned by corporate insiders.

About Canadian National Railway

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.