ATB Capital Boosts Canadian National Railway (TSE:CNR) Price Target to C$168.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target upped by ATB Capital from C$167.00 to C$168.00 in a research note released on Wednesday, BayStreet.CA reports.

A number of other equities research analysts have also recently issued reports on the stock. Scotiabank lowered their target price on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating on the stock in a report on Wednesday, September 11th. Citigroup raised Canadian National Railway to a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company raised Canadian National Railway from an “equal weight” rating to an “overweight” rating in a report on Monday, October 7th. UBS Group lowered their price target on shares of Canadian National Railway from C$202.00 to C$189.00 in a report on Wednesday, July 24th. Finally, TD Securities decreased their target price on shares of Canadian National Railway from C$185.00 to C$180.00 and set a “hold” rating on the stock in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$171.07.

Canadian National Railway Price Performance

Shares of TSE:CNR opened at C$154.25 on Wednesday. The firm has a market capitalization of C$97.10 billion, a PE ratio of 18.32, a P/E/G ratio of 3.38 and a beta of 0.65. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62. The company has a 50-day moving average price of C$157.32 and a two-hundred day moving average price of C$164.00. Canadian National Railway has a twelve month low of C$144.23 and a twelve month high of C$181.34.

Canadian National Railway Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be issued a dividend of $0.845 per share. The ex-dividend date is Monday, December 9th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.19%. Canadian National Railway’s dividend payout ratio is presently 40.14%.

Insider Buying and Selling at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder acquired 543 shares of the stock in a transaction on Wednesday, September 25th. The stock was acquired at an average cost of C$157.53 per share, for a total transaction of C$85,539.88. In other news, Director David Lund Freeman purchased 1,000 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were purchased at an average price of C$152.57 per share, for a total transaction of C$152,572.80. Also, Director Shauneen Elizabeth Bruder purchased 543 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was acquired at an average price of C$157.53 per share, with a total value of C$85,539.88. In the last ninety days, insiders have purchased 2,773 shares of company stock valued at $437,437. 2.64% of the stock is currently owned by company 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.