CIBC Raises Canadian National Railway (CNR) Price Target to C$125.00

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Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective upped by CIBC from C$119.00 to C$125.00 in a research report released on Tuesday, BayStreet.CA reports.

Other research analysts have also issued research reports about the stock. Desjardins lowered shares of Canadian National Railway from a buy rating to a hold rating in a research note on Friday, April 12th. Raymond James reissued an outperform rating and set a C$135.00 price objective on shares of Canadian National Railway in a research note on Tuesday. National Bank Financial lifted their price objective on shares of Canadian National Railway from C$112.00 to C$126.00 and gave the stock a sector perform rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on shares of Canadian National Railway from C$116.00 to C$119.00 in a research note on Wednesday, January 30th. Finally, Royal Bank of Canada lowered shares of Canadian National Railway from an outperform rating to a sector perform rating and set a C$128.00 price target on the stock. in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of C$126.80.

Canadian National Railway stock opened at C$125.35 on Tuesday. Canadian National Railway has a fifty-two week low of C$96.46 and a fifty-two week high of C$127.38. The company has a market cap of $89.29 billion and a P/E ratio of 21.35. The company has a debt-to-equity ratio of 71.25, a quick ratio of 0.41 and a current ratio of 0.78.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings data on Tuesday, January 29th. The company reported C$1.49 earnings per share for the quarter, topping the consensus estimate of C$1.47 by C$0.02. The firm had revenue of C$3.81 billion for the quarter, compared to the consensus estimate of C$3.77 billion. Analysts expect that Canadian National Railway will post 6.28999964476733 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $0.538 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $2.15 dividend on an annualized basis and a yield of 1.72%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.54. Canadian National Railway’s payout ratio is presently 32.41%.

In other Canadian National Railway news, Senior Officer Donald K. Reardon sold 11,400 shares of Canadian National Railway stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$115.57, for a total value of C$1,317,500.55. Following the transaction, the insider now owns 12,869 shares of the company’s stock, valued at C$1,487,273.21. Also, Senior Officer Sean Finn sold 5,000 shares of Canadian National Railway stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of C$107.81, for a total transaction of C$539,029.00. Following the completion of the transaction, the insider now directly owns 13,750 shares in the company, valued at approximately C$1,482,329.75. In the last ninety days, insiders sold 38,591 shares of company stock worth $4,403,392.

Canadian National Railway Company Profile

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.

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Analyst Recommendations for Canadian National Railway (TSE:CNR)

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