Canadian National Railway (TSE:CNR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Canadian National Railway (TSE:CNR) (NYSE:CNI) has earned a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, seven have given a buy recommendation and four have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$171.07.

A number of research analysts recently weighed in on CNR shares. ATB Capital upped their price target on Canadian National Railway from C$167.00 to C$168.00 in a research note 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. Desjardins lowered 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 report on Wednesday, October 23rd. 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 report on Wednesday, September 11th. Finally, Citigroup raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 12th.

Insider Activity

In other news, Director Tracy Robinson acquired 3,300 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was purchased at an average cost of C$147.99 per share, for a total transaction of C$488,380.20. Also, Director David Lund Freeman bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was purchased at an average price of C$152.57 per share, with a total value of C$152,572.80. In the last 90 days, insiders acquired 7,237 shares of company stock worth $1,091,498. 2.64% of the stock is currently owned by insiders.

Canadian National Railway Stock Up 1.3 %

Shares of Canadian National Railway stock opened at C$147.24 on Thursday. The firm has a market cap of C$92.69 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 3.38 and a beta of 0.65. The stock’s 50-day moving average is C$153.20 and its 200 day moving average is C$158.01. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. Canadian National Railway has a one year low of C$143.72 and a one year high of C$181.34.

Canadian National Railway Announces Dividend

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 given a dividend of $0.845 per share. This represents a $3.38 annualized dividend and a yield of 2.30%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s payout ratio is 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.