Canadian National Railway (TSE:CNR) Price Target Increased to C$125.00 by Analysts at CIBC

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target increased by CIBC from C$118.00 to C$125.00 in a research note released on Wednesday, BayStreet.CA reports.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. cut their price objective on Canadian National Railway from C$123.00 to C$119.00 in a research report on Tuesday, December 17th. Royal Bank of Canada dropped their price target on Canadian National Railway from C$127.00 to C$119.00 and set a sector perform rating for the company in a research report on Wednesday, December 4th. Raymond James restated a market perform rating and issued a C$135.00 target price on shares of Canadian National Railway in a report on Wednesday, October 23rd. Finally, National Bank Financial upped their target price on Canadian National Railway from C$118.00 to C$125.00 in a report on Friday, December 13th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of C$123.73.

CNR traded up C$1.13 during trading on Wednesday, reaching C$124.15. The company had a trading volume of 439,994 shares, compared to its average volume of 964,540. Canadian National Railway has a 52 week low of C$107.52 and a 52 week high of C$127.96. The stock has a market cap of $88.00 billion and a P/E ratio of 20.09. The business has a 50 day simple moving average of C$119.33 and a 200-day simple moving average of C$120.31. The company has a quick ratio of 0.35, a current ratio of 0.71 and a debt-to-equity ratio of 77.32.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported C$1.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$1.61 by C$0.05. The company had revenue of C$3.83 billion during the quarter, compared to analyst estimates of C$3.88 billion. As a group, equities research analysts expect that Canadian National Railway will post 6.2915347 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were issued a $0.538 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.54. This represents a $2.15 annualized dividend and a yield of 1.73%. The ex-dividend date was Friday, December 6th. Canadian National Railway’s dividend payout ratio is presently 33.45%.

In other news, Senior Officer James Barry Cairns sold 3,303 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of C$119.79, for a total value of C$395,666.37. Following the transaction, the insider now owns 274 shares of the company’s stock, valued at approximately C$32,822.46. Also, Senior Officer Donald K. Reardon sold 6,295 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of C$119.53, for a total value of C$752,424.48. Following the completion of the transaction, the insider now directly owns 6,574 shares in the company, valued at approximately C$785,772.60.

About Canadian National Railway

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

Read More: Asset Allocation

Analyst Recommendations for Canadian National Railway (TSE:CNR)

Receive News & Ratings for Canadian National Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway and related companies with MarketBeat.com's FREE daily email newsletter.