Canadian National Railway (TSE:CNR) Receives C$171.07 Consensus Target Price from Analysts

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have received an average recommendation of “Moderate Buy” from the eighteen brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, seven have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$171.07.

Several brokerages recently weighed in on CNR. Citigroup raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. BMO Capital Markets cut their price objective on shares of Canadian National Railway from C$182.00 to C$178.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. Desjardins cut their price objective on shares of Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Veritas raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Finally, Scotiabank cut their price objective on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th.

Insider Buying and Selling at Canadian National Railway

In related news, Director Susan C. Jones acquired 1,230 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was bought at an average cost of C$162.05 per share, with a total value of C$199,324.82. Also, Director Tracy Robinson acquired 3,300 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were bought at an average cost of C$147.99 per share, with a total value of C$488,380.20. Insiders have purchased a total of 7,859 shares of company stock worth $1,202,515 over the last 90 days. Insiders own 2.64% of the company’s stock.

Canadian National Railway Price Performance

TSE CNR opened at C$154.23 on Friday. The company has a 50 day simple moving average of C$155.85 and a 200-day simple moving average of C$160.77. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. The firm has a market capitalization of C$97.09 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 52-week low of C$147.35 and a 52-week high of C$181.34.

Canadian National Railway Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders 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 annualized dividend and a yield of 2.19%. Canadian National Railway’s dividend payout ratio (DPR) is presently 40.14%.

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.