Canadian National Railway (TSE:CNR) Upgraded at Evercore ISI

Evercore ISI upgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) from a hold rating to a strong-buy rating in a research report released on Thursday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. dropped their target price on Canadian National Railway from C$176.00 to C$169.00 and set a “neutral” rating for the company in a report on Tuesday, October 8th. National Bankshares cut their price objective on shares of Canadian National Railway from C$181.00 to C$178.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. TD Securities lowered their target price on shares of Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Veritas upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. 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 research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average price target of C$171.07.

Canadian National Railway Stock Up 0.3 %

Shares of TSE:CNR opened at C$145.34 on Thursday. The company has a market cap of C$91.49 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 12 month low of C$143.72 and a 12 month 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 company has a 50-day moving average price of C$153.20 and a 200 day moving average price of C$158.08.

Canadian National Railway Announces Dividend

The firm also recently disclosed 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. This represents a $3.38 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is 40.14%.

Insider Activity

In other Canadian National Railway news, Director Tracy Robinson purchased 3,300 shares of the stock in a transaction on Wednesday, November 20th. The stock was acquired at an average price of C$147.99 per share, with a total value of C$488,380.20. Also, Director Shauneen Elizabeth Bruder bought 543 shares of the company’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. In the last three months, insiders have purchased 6,629 shares of company stock worth $1,003,190. 2.64% of the stock is currently owned by company 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.