Barclays Issues Pessimistic Forecast for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI had its price objective decreased by Barclays from C$162.00 to C$160.00 in a research report released on Friday,BayStreet.CA reports.

A number of other analysts have also commented on the company. JPMorgan Chase & Co. reissued an "outperform" rating on shares of Canadian National Railway in a report on Tuesday, January 7th. TD Securities upgraded Canadian National Railway from a "hold" rating to a "buy" rating and reduced their price objective for the stock from C$175.00 to C$170.00 in a report on Monday, January 13th. National Bankshares lowered their target price on shares of Canadian National Railway from C$181.00 to C$178.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. Veritas raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada upgraded shares of Canadian National Railway from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from C$169.00 to C$179.00 in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$170.60.

Canadian National Railway Stock Up 0.1 %

Shares of TSE:CNR traded up C$0.13 during trading on Friday, reaching C$146.93. 796,526 shares of the stock traded hands, compared to its average volume of 988,837. The stock has a market cap of C$92.49 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63. The stock has a 50-day moving average of C$149.84 and a two-hundred day moving average of C$155.22. Canadian National Railway has a 52-week low of C$143.18 and a 52-week high of C$181.34.

Canadian National Railway Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were given a dividend of $0.845 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.30%. Canadian National Railway's payout ratio is currently 40.14%.

Insider Buying and Selling

In other Canadian National Railway news, Director David Lund Freeman acquired 1,000 shares of the stock in a transaction dated Thursday, October 24th. The shares were acquired at an average cost of C$152.57 per share, for a total transaction of C$152,572.80. Also, Director Shauneen Elizabeth Bruder acquired 608 shares of the company's stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of C$145.24 per share, with a total value of C$88,307.74. In the last ninety days, insiders bought 6,694 shares of company stock valued at $1,005,958. 2.64% 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.