Canadian National Railway (TSE:CNR) Given New C$188.00 Price Target at BMO Capital Markets

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target lowered by BMO Capital Markets from C$195.00 to C$188.00 in a report released on Wednesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts also recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Canadian National Railway from C$171.00 to C$172.00 and gave the stock a sector perform rating in a research report on Wednesday, April 24th. National Bankshares increased their price objective on Canadian National Railway from C$172.00 to C$190.00 in a research note on Thursday, April 4th. Sanford C. Bernstein upped their price target on Canadian National Railway from C$191.00 to C$195.00 and gave the stock an outperform rating in a report on Monday, April 15th. Desjardins raised their price objective on Canadian National Railway from C$189.00 to C$195.00 and gave the company a buy rating in a research note on Friday, April 12th. Finally, Barclays upped their target price on shares of Canadian National Railway from C$170.00 to C$175.00 in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Canadian National Railway has an average rating of Hold and a consensus target price of C$184.00.

Canadian National Railway Stock Down 1.5 %

CNR stock opened at C$160.01 on Wednesday. The company has a debt-to-equity ratio of 101.48, a quick ratio of 0.58 and a current ratio of 0.60. Canadian National Railway has a fifty-two week low of C$143.13 and a fifty-two week high of C$181.34. The stock’s 50 day simple moving average is C$171.57 and its 200 day simple moving average is C$171.03. The company has a market cap of C$101.80 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 2.06 and a beta of 0.66.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Tuesday, April 23rd. The company reported C$1.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$1.72. Canadian National Railway had a return on equity of 27.06% and a net margin of 32.86%. The company had revenue of C$4.25 billion for the quarter, compared to analysts’ expectations of C$4.29 billion. On average, research analysts expect that Canadian National Railway will post 7.7897884 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a dividend of $0.845 per share. This represents a $3.38 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Friday, June 7th. Canadian National Railway’s dividend payout ratio is presently 41.22%.

Insider Transactions at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder bought 488 shares of the stock in a transaction on Tuesday, March 26th. The shares were acquired at an average cost of C$177.40 per share, for a total transaction of C$86,571.20. Insiders own 1.69% of the company’s stock.

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.