Canadian National Railway (TSE:CNR) Price Target Increased to C$129.00 by Analysts at Desjardins

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective boosted by Desjardins from C$128.00 to C$129.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. Desjardins currently has a hold rating on the stock. Desjardins also issued estimates for Canadian National Railway’s Q4 2019 earnings at $1.65 EPS, FY2019 earnings at $6.18 EPS, FY2020 earnings at $6.89 EPS and FY2021 earnings at $7.47 EPS.

Several other equities analysts also recently commented on CNR. Morgan Stanley restated a buy rating on shares of Canadian Pacific Railway in a research report on Thursday, April 4th. UBS Group cut their target price on Canadian National Railway from C$127.00 to C$126.00 in a research report on Wednesday. JPMorgan Chase & Co. upgraded M.D.C. from an underweight rating to a neutral rating in a research report on Monday, July 8th. Royal Bank of Canada upgraded Freeport-McMoRan from an underperform rating to a sector perform rating and raised their target price for the stock from $12.00 to $14.00 in a research report on Wednesday. Finally, CIBC raised their target price on Texas Instruments from $120.00 to $130.00 and gave the stock an outperform rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Canadian National Railway currently has an average rating of Hold and an average price target of C$124.82.

Canadian National Railway stock opened at C$125.00 on Wednesday. The company has a debt-to-equity ratio of 77.28, a current ratio of 0.69 and a quick ratio of 0.34. The company has a market cap of $89.76 billion and a P/E ratio of 20.62. Canadian National Railway has a one year low of C$96.46 and a one year high of C$127.96. The stock’s 50 day moving average is C$122.08.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its earnings results on Monday, April 29th. The company reported C$1.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.19 by C($0.02). The company had revenue of C$3.54 billion during the quarter, compared to analyst estimates of C$3.49 billion. On average, sell-side analysts anticipate that Canadian National Railway will post 6.2915347 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 9th will be given a $0.5375 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.15 annualized dividend and a yield of 1.72%. Canadian National Railway’s payout ratio is 35.46%.

In other Canadian National Railway news, Senior Officer Janet Drysdale sold 430 shares of Canadian National Railway stock in a transaction on Thursday, May 9th. The stock was sold at an average price of C$124.65, for a total value of C$53,599.80. Following the completion of the transaction, the insider now owns 14,551 shares in the company, valued at approximately C$1,813,792.34. Also, Senior Officer Sean Finn sold 1,000 shares of Canadian National Railway stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of C$123.58, for a total value of C$123,580.00. Following the completion of the transaction, the insider now owns 15,887 shares of the company’s stock, valued at approximately C$1,963,315.46. In the last quarter, insiders sold 16,926 shares of company stock valued at $2,063,137.

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.

Featured Story: What is Considered a Good Return on Equity (ROE)?

Analyst Recommendations for Canadian National Railway (TSE:CNR)

Receive News & Ratings for Canadian National Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway and related companies with's FREE daily email newsletter.