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

Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI had its price objective lowered by Scotiabank from C$180.00 to C$178.00 in a research report released on Monday,BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on CNR. National Bankshares lowered their target price on 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. UBS Group upped their price objective on Canadian National Railway from C$189.00 to C$190.00 in a research note on Thursday, October 24th. TD Securities upgraded shares of Canadian National Railway from a "hold" rating to a "buy" rating and cut their target price for the stock from C$175.00 to C$170.00 in a research report on Monday, January 13th. Royal Bank of Canada upgraded shares of Canadian National Railway from a "sector perform" rating to an "outperform" rating and upped their price target for the company from C$169.00 to C$179.00 in a research report on Thursday, October 10th. Finally, Citigroup raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$170.47.

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Canadian National Railway Price Performance

Shares of TSE:CNR traded up C$1.32 during trading on Monday, hitting C$148.25. 309,403 shares of the company were exchanged, compared to its average volume of 936,573. Canadian National Railway has a 1-year low of C$143.18 and a 1-year high of C$181.34. The company has a market capitalization of C$93.32 billion, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62. The business's 50 day moving average is C$149.84 and its 200-day moving average is C$155.13.

Canadian National Railway Announces Dividend

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. This represents a $3.38 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Monday, December 9th. Canadian National Railway's dividend payout ratio (DPR) is 40.14%.

Insider Activity

In other Canadian National Railway news, Senior Officer Ghislain Houle sold 5,741 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of C$150.82, for a total value of C$865,844.99. Also, Director Shauneen Elizabeth Bruder bought 608 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of C$145.24 per share, for a total transaction of C$88,307.74. Insiders purchased 6,694 shares of company stock worth $1,005,958 in the last quarter. 2.64% of the stock is 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.