Canadian National Railway (TSE:CNR) Upgraded by Veritas to “Strong-Buy”

Veritas upgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning, Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Sanford C. Bernstein decreased their target price on shares of Canadian National Railway from C$179.00 to C$173.00 in a research note on Wednesday, October 9th. JPMorgan Chase & Co. reduced their price objective on shares of Canadian National Railway from C$176.00 to C$169.00 and set a “neutral” rating for the company in a research report on Tuesday, October 8th. National Bankshares reduced their price objective on shares of Canadian National Railway from C$181.00 to C$178.00 and set an “outperform” rating for the company in a research report on Wednesday. BMO Capital Markets reduced their price objective on shares of Canadian National Railway from C$182.00 to C$178.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. Finally, Scotiabank dropped their target price on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$171.07.

Canadian National Railway Stock Down 1.0 %

Shares of CNR stock opened at C$153.52 on Wednesday. Canadian National Railway has a twelve month low of C$143.16 and a twelve month high of C$181.34. The stock has a market cap of C$96.64 billion, a P/E ratio of 18.23, a P/E/G ratio of 3.38 and a beta of 0.65. The stock has a 50 day moving average of C$157.27 and a 200 day moving average of C$164.33. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.93 by C($0.09). Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. The firm had revenue of C$4.33 billion during the quarter, compared to analyst estimates of C$4.40 billion. As a group, sell-side analysts expect that Canadian National Railway will post 8.2610275 EPS for the current year.

Canadian National Railway Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be issued a $0.845 dividend. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s dividend payout ratio is currently 40.14%.

Insider Buying and Selling at Canadian National Railway

In related news, Director Susan C. Jones bought 1,230 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were bought at an average price of C$162.05 per share, with a total value of C$199,324.82. In related news, Director Susan C. Jones purchased 1,230 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were bought at an average cost of C$162.05 per share, for a total transaction of C$199,324.82. Also, Director Shauneen Elizabeth Bruder purchased 543 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was bought at an average price of C$157.53 per share, for a total transaction of C$85,539.88. 2.64% 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.