Analysts’ Recent Ratings Changes for Canadian National Railway (CNR)

Several brokerages have updated their recommendations and price targets on shares of Canadian National Railway (TSE: CNR) in the last few weeks:

2/11/2019 – Canadian National Railway was given a new C$117.00 price target on by analysts at Morgan Stanley. 1/31/2019 – Canadian National Railway was given a new C$116.00 price target on by analysts at BMO Capital Markets. They now have a “market perform” rating on the stock. 1/30/2019 – Canadian National Railway had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a C$125.00 price target on the stock. 1/30/2019 – Canadian National Railway had its price target raised by analysts at TD Securities from C$125.00 to C$130.00. They now have a “buy” rating on the stock. 1/30/2019 – Canadian National Railway had its price target raised by analysts at CIBC from C$118.00 to C$119.00. 1/30/2019 – Canadian National Railway had its price target raised by analysts at JPMorgan Chase & Co. from C$116.00 to C$119.00. 1/14/2019 – Canadian National Railway had its price target raised by analysts at JPMorgan Chase & Co. from C$112.00 to C$116.00. 1/7/2019 – Canadian National Railway had its price target raised by analysts at Morgan Stanley from C$114.00 to C$115.00. 1/2/2019 – Canadian National Railway had its price target lowered by analysts at CIBC from C$120.00 to C$118.00. 12/19/2018 – Canadian National Railway had its price target lowered by analysts at National Bank Financial from C$119.00 to C$110.00. They now have a “sector perform” rating on the stock. 12/18/2018 – Canadian National Railway had its price target lowered by analysts at JPMorgan Chase & Co. from C$122.00 to C$112.00. 12/17/2018 – Canadian National Railway had its price target lowered by analysts at Royal Bank of Canada from C$130.00 to C$128.00.

Shares of CNR stock traded up C$1.79 during trading hours on Thursday, hitting C$109.94. The company had a trading volume of 996,593 shares, compared to its average volume of 1,173,128. 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 has a fifty-two week low of C$90.84 and a fifty-two week high of C$118.62. The firm has a market cap of $78.88 billion and a P/E ratio of 18.73.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 8th will be issued a dividend of $0.5375 per share. The ex-dividend date is Thursday, March 7th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.46. This represents a $2.15 dividend on an annualized basis and a yield of 1.96%. Canadian National Railway’s dividend payout ratio is 31.01%.

In other news, Director Gordon D. Giffin acquired 1,796 shares of Canadian National Railway stock in a transaction dated Thursday, January 31st. The shares were acquired at an average cost of C$110.15 per share, for a total transaction of C$197,823.07. Following the acquisition, the director now owns 50,367 shares of the company’s stock, valued at C$5,547,747.56. Also, Senior Officer Sean Finn sold 5,000 shares of the firm’s stock in a transaction 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 sale, the insider now owns 13,750 shares in the company, valued at C$1,482,329.75. Over the last quarter, insiders have sold 22,725 shares of company stock worth $2,499,188.

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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