Canadian National Railway (TSE:CNR) Upgraded by TD Securities to “Buy” Rating

TD Securities upgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) from a hold rating to a buy rating in a research report report published on Monday,BayStreet.CA reports. The firm currently has C$170.00 target price on the stock, down from their previous target price of C$175.00.

Several other analysts have also weighed in on CNR. UBS Group upped their price objective on Canadian National Railway from C$189.00 to C$190.00 in a report on Thursday, October 24th. ATB Capital boosted their price target on shares of Canadian National Railway from C$167.00 to C$168.00 in a research report on Wednesday, October 23rd. Citigroup upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Royal Bank of Canada raised shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$169.00 to C$179.00 in a research note on Thursday, October 10th. Finally, Desjardins cut their target price on shares of Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$170.73.

Canadian National Railway Trading Up 0.1 %

Shares of TSE:CNR opened at C$144.32 on Monday. The company has a 50 day moving average of C$150.58 and a 200-day moving average of C$155.57. 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 firm has a market cap of C$90.85 billion, a P/E ratio of 17.14, a P/E/G ratio of 3.38 and a beta of 0.65. Canadian National Railway has a twelve month low of C$143.18 and a twelve month high of C$181.34.

Canadian National Railway Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were issued a $0.845 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.34%. Canadian National Railway’s dividend payout ratio is 40.14%.

Insider Transactions at Canadian National Railway

In other news, Director Tracy Robinson acquired 3,300 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average cost of C$147.99 per share, for a total transaction of C$488,380.20. Also, Director Shauneen Elizabeth Bruder acquired 608 shares of Canadian National Railway stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average cost of C$145.24 per share, with a total value of C$88,307.74. Insiders purchased 6,694 shares of company stock valued at $1,005,958 over the last three months. 2.64% of the stock is owned by corporate 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.