Canadian National Railway (TSE:CNR) Upgraded at TD Securities

TD Securities upgraded shares of Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI from a hold rating to a buy rating in a research note released on Monday,BayStreet.CA reports. TD Securities currently has C$170.00 target price on the stock, down from their previous target price of C$175.00.

A number of other equities analysts also recently commented on the stock. Veritas upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 23rd. Citigroup upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 12th. National Bankshares dropped their target price on shares of Canadian National Railway from C$181.00 to C$178.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. Wells Fargo & Company raised Canadian National Railway from an "equal weight" rating to an "overweight" rating in a report on Monday, October 7th. Finally, Royal Bank of Canada raised shares of Canadian National Railway from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from C$169.00 to C$179.00 in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$170.73.

Canadian National Railway Stock Performance

Shares of TSE:CNR traded up C$0.17 on Monday, reaching C$144.32. The company's stock had a trading volume of 910,190 shares, compared to its average volume of 1,037,649. The stock's 50-day moving average is C$150.58 and its two-hundred day moving average is C$155.57. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. The stock has a market capitalization of C$90.85 billion, a P/E ratio of 17.14, a PEG ratio of 3.38 and a beta of 0.65. 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 firm also recently announced 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. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Monday, December 9th. Canadian National Railway's payout ratio is 40.14%.

Insider Buying and Selling

In related news, Director Shauneen Elizabeth Bruder purchased 608 shares of Canadian National Railway stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of C$145.24 per share, with a total value of C$88,307.74. Also, Director David Lund Freeman acquired 1,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was purchased at an average cost of C$152.57 per share, with a total value of C$152,572.80. Over the last 90 days, insiders have acquired 6,694 shares of company stock worth $1,005,958. 2.64% of the stock is currently 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.