Canadian National Railway (TSE:CNR) Stock Rating Upgraded by Evercore ISI

Evercore ISI upgraded shares of Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI from a hold rating to a strong-buy rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other research analysts have also issued reports on CNR. JPMorgan Chase & Co. lowered their price target on shares of Canadian National Railway from C$176.00 to C$169.00 and set a "neutral" rating for the company in a report on Tuesday, October 8th. 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 for the company in a research note on Wednesday, October 23rd. Desjardins cut their price target on shares of Canadian National Railway from C$181.00 to C$180.00 and set a "buy" rating on the stock 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. Finally, Royal Bank of Canada raised Canadian National Railway from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from C$169.00 to C$179.00 in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, Canadian National Railway presently has an average rating of "Moderate Buy" and an average price target of C$171.07.

Canadian National Railway Trading Up 0.3 %

Shares of Canadian National Railway stock traded up C$0.47 during trading on Thursday, hitting C$145.34. The company's stock had a trading volume of 3,242,450 shares, compared to its average volume of 1,140,871. The stock has a market cap of C$91.49 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 52 week low of C$143.72 and a 52 week high of C$181.34. The stock has a 50-day moving average price of C$153.20 and a two-hundred day moving average price of C$158.08. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58.

Canadian National Railway Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be issued a dividend of $0.845 per share. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Monday, December 9th. Canadian National Railway's dividend payout ratio is currently 40.14%.

Insider Buying and Selling

In other Canadian National Railway news, Senior Officer Ghislain Houle sold 5,741 shares of Canadian National Railway stock in a transaction on Friday, November 1st. The shares were sold at an average price of C$150.82, for a total transaction of C$865,844.99. Also, Director Tracy Robinson bought 3,300 shares of the stock in a transaction dated Wednesday, November 20th. The stock was purchased at an average price of C$147.99 per share, with a total value of C$488,380.20. Insiders have acquired 6,629 shares of company stock worth $1,003,190 in the last quarter. Insiders own 2.64% of the company's stock.

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.