Canadian National Railway (TSE:CNR) Price Target Raised to C$195.00 at Sanford C. Bernstein

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target lifted by Sanford C. Bernstein from C$191.00 to C$195.00 in a report published on Monday, BayStreet.CA reports. Sanford C. Bernstein currently has an outperform rating on the stock.

A number of other analysts have also recently commented on CNR. Royal Bank of Canada boosted their price objective on Canadian National Railway from C$164.00 to C$171.00 in a research report on Monday, April 1st. TD Securities boosted their price objective on Canadian National Railway from C$180.00 to C$185.00 and gave the company a hold rating in a research report on Wednesday, January 24th. Desjardins boosted 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 report on Friday. ATB Capital boosted their price objective on Canadian National Railway from C$165.00 to C$180.00 and gave the company a sector perform rating in a research report on Wednesday, January 24th. Finally, Scotiabank lifted their price target on Canadian National Railway from C$173.00 to C$184.00 and gave the stock a sector perform rating in a research note on Monday, March 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and an average target price of C$183.00.

Canadian National Railway Stock Up 0.3 %

Shares of CNR stock opened at C$177.43 on Monday. The stock has a 50 day moving average of C$175.80 and a 200 day moving average of C$164.33. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 93.89. The stock has a market cap of C$113.60 billion, a P/E ratio of 20.80, a P/E/G ratio of 2.06 and a beta of 0.65. Canadian National Railway has a twelve month low of C$143.13 and a twelve month high of C$181.34.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share for the quarter, beating the consensus estimate of C$1.96 by C$0.06. The company had revenue of C$4.47 billion during the quarter, compared to analysts’ expectations of C$4.38 billion. Canadian National Railway had a return on equity of 27.11% and a net margin of 33.43%. As a group, sell-side analysts expect that Canadian National Railway will post 8.0140399 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were paid a dividend of $0.845 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $3.38 dividend on an annualized basis and a yield of 1.90%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.79. Canadian National Railway’s payout ratio is 39.62%.

Insiders Place Their Bets

In other Canadian National Railway news, Senior Officer Derek Michael Taylor sold 2,610 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of C$131.26, for a total transaction of C$342,577.38. In other Canadian National Railway news, Senior Officer Derek Michael Taylor sold 2,610 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of C$131.26, for a total transaction of C$342,577.38. Also, Director Shauneen Elizabeth Bruder purchased 488 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was acquired at an average cost of C$177.40 per share, for a total transaction of C$86,571.20. 1.67% of the stock is currently owned by corporate insiders.

About Canadian National Railway

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.