Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target lowered by National Bank Financial from C$108.00 to C$103.00 in a research note issued to investors on Tuesday. National Bank Financial currently has a sector perform rating on the stock.
Several other equities analysts have also commented on CNR. CIBC reduced their target price on shares of Canadian National Railway from C$111.00 to C$108.00 in a report on Tuesday, March 6th. Royal Bank of Canada reduced their target price on shares of Canadian National Railway from C$112.00 to C$105.00 and set an outperform rating on the stock in a report on Tuesday, March 6th. Scotiabank reaffirmed an outperform rating and set a C$114.00 target price on shares of Canadian National Railway in a report on Tuesday, March 6th. Raymond James Financial reduced their target price on shares of Canadian National Railway from C$115.00 to C$110.00 and set a market perform rating on the stock in a report on Wednesday, January 24th. Finally, Desjardins reduced their target price on shares of Canadian National Railway from C$116.00 to C$115.00 and set a buy rating on the stock in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of C$108.80.
Canadian National Railway (TSE CNR) opened at C$95.31 on Tuesday. Canadian National Railway has a twelve month low of C$93.02 and a twelve month high of C$108.64. The company has a market cap of $71,450.00, a price-to-earnings ratio of 13.11 and a beta of 0.58.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its earnings results on Tuesday, January 23rd. The company reported C$1.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.23 by C($0.03). Canadian National Railway had a net margin of 79.48% and a return on equity of 65.99%. The business had revenue of C$3.29 billion for the quarter, compared to the consensus estimate of C$3.29 billion.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 8th will be issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, March 7th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.41. Canadian National Railway’s dividend payout ratio (DPR) is 22.70%.
In other Canadian National Railway news, insider Sean Finn sold 2,085 shares of the firm’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of C$96.00, for a total value of C$200,160.00. Also, Director James E. O’connor purchased 2,515 shares of the business’s stock in a transaction on Thursday, January 25th. The stock was purchased at an average cost of C$79.51 per share, for a total transaction of C$199,967.65.
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Canadian National Railway Company Profile
Canadian National Railway Co is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.
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