Canadian National Railway (TSE:CNR) Price Target Cut to C$180.00 by Analysts at Desjardins

Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI had its price target decreased by Desjardins from C$181.00 to C$180.00 in a report issued on Wednesday, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

CNR has been the subject of several other research reports. TD Securities lowered their price objective on Canadian National Railway from C$180.00 to C$175.00 and set a "hold" rating for the company in a research note on Wednesday. Raymond James cut their price target on shares of Canadian National Railway from C$187.00 to C$180.00 and set an "outperform" rating on the stock in a report on Wednesday, September 11th. National Bank Financial upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 26th. Stephens raised Canadian National Railway to a "hold" rating in a research report on Wednesday, July 24th. Finally, Barclays reduced their price target on Canadian National Railway from C$165.00 to C$162.00 and set a "hold" rating on the stock in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of C$171.00.

Canadian National Railway Price Performance

TSE:CNR traded down C$0.04 on Wednesday, hitting C$155.07. The company had a trading volume of 1,300,558 shares, compared to its average volume of 1,111,154. Canadian National Railway has a 52 week low of C$143.16 and a 52 week high of C$181.34. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62. The stock has a market capitalization of C$97.62 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 3.38 and a beta of 0.65. The firm has a 50 day moving average of C$157.27 and a two-hundred day moving average of C$164.33.

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 EPS for the quarter, missing analysts' consensus estimates of C$1.93 by C($0.09). The firm had revenue of C$4.33 billion during the quarter, compared to the consensus estimate of C$4.40 billion. Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. On average, research analysts anticipate that Canadian National Railway will post 8.2610275 earnings per share for the current year.

Canadian National Railway Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a $0.845 dividend. The ex-dividend date was Friday, September 6th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.18%. Canadian National Railway's dividend payout ratio is presently 40.14%.

Insider Activity at Canadian National Railway

In related news, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of the business's stock in a transaction that occurred on Friday, July 26th. The shares were bought at an average price of C$115.29 per share, with a total value of C$300,906.90. In other news, Director Shauneen Elizabeth Bruder acquired 543 shares of the firm's stock in a transaction on Wednesday, September 25th. The stock was purchased at an average price of C$157.53 per share, for a total transaction of C$85,539.88. Also, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of the business's stock in a transaction dated Friday, July 26th. The stock was acquired at an average price of C$115.29 per share, for a total transaction of C$300,906.90. In the last quarter, insiders have acquired 4,383 shares of company stock valued at $585,772. 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.