UBS Group Increases Canadian National Railway (TSE:CNR) Price Target to C$190.00

Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI had its target price raised by UBS Group from C$189.00 to C$190.00 in a research note released on Thursday, BayStreet.CA reports.

Several other analysts also recently weighed in on CNR. Sanford C. Bernstein reduced their target price on Canadian National Railway from C$179.00 to C$173.00 in a report on Wednesday, October 9th. Wells Fargo & Company upgraded Canadian National Railway from an "equal weight" rating to an "overweight" rating in a research note on Monday, October 7th. Royal Bank of Canada raised shares of Canadian National Railway from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from C$169.00 to C$179.00 in a report on Thursday, October 10th. Raymond James decreased their price target on shares of Canadian National Railway from C$187.00 to C$180.00 and set an "outperform" rating for the company in a research note on Wednesday, September 11th. Finally, Stephens raised shares of Canadian National Railway to a "hold" rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of C$171.07.

Canadian National Railway Stock Down 1.0 %

Shares of Canadian National Railway stock traded down C$1.55 during trading hours on Thursday, hitting C$153.52. The company had a trading volume of 1,051,145 shares, compared to its average volume of 1,110,862. 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 company's 50-day moving average is C$157.27 and its two-hundred day moving average is C$164.33. The company has a market cap of C$96.64 billion, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. Canadian National Railway has a twelve month low of C$143.16 and a twelve month high of C$181.34.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI last announced its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share for the quarter, missing analysts' consensus estimates of C$1.93 by C($0.09). The company had revenue of C$4.33 billion during the quarter, compared to analysts' expectations of C$4.40 billion. Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. Analysts anticipate that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be paid a $0.845 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.20%. Canadian National Railway's dividend payout ratio (DPR) is presently 40.14%.

Insider Buying and Selling

In related news, Director Susan C. Jones acquired 1,230 shares of Canadian National Railway stock in a transaction that occurred on Tuesday, September 17th. The stock was purchased at an average price of C$162.05 per share, for a total transaction of C$199,324.82. In other news, Director Shauneen Elizabeth Bruder bought 543 shares of the firm's stock in a transaction on Wednesday, September 25th. The shares were bought at an average cost of C$157.53 per share, for a total transaction of C$85,539.88. Also, Director Susan C. Jones purchased 1,230 shares of the company's stock in a transaction dated Tuesday, September 17th. The stock was purchased at an average price of C$162.05 per share, with a total value of C$199,324.82. Insiders have acquired 4,383 shares of company stock valued at $585,772 over the last quarter. Company 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.