Analysts Set Canadian National Railway (TSE:CNR) Price Target at C$171.07

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have been given an average recommendation of “Moderate Buy” by the nineteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, nine have given a buy recommendation and four have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is C$170.73.

A number of analysts have issued reports on the company. Sanford C. Bernstein decreased their price target on Canadian National Railway from C$179.00 to C$173.00 in a research note on Wednesday, October 9th. UBS Group raised their target price on shares of Canadian National Railway from C$189.00 to C$190.00 in a research report on Thursday, October 24th. ATB Capital upped their price target on shares of Canadian National Railway from C$167.00 to C$168.00 in a research report on Wednesday, October 23rd. Citigroup raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Finally, National Bankshares lowered 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 note on Wednesday, October 23rd.

Insider Transactions at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder bought 608 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were bought at an average cost of C$145.24 per share, with a total value of C$88,307.74. Also, Director David Lund Freeman bought 1,000 shares of the stock in a transaction on Thursday, October 24th. The shares were acquired at an average cost of C$152.57 per share, for a total transaction of C$152,572.80. Over the last quarter, insiders bought 6,694 shares of company stock worth $1,005,958. Insiders own 2.64% of the company’s stock.

Canadian National Railway Price Performance

Shares of TSE:CNR opened at C$144.32 on Monday. The company has a market cap of C$90.85 billion, a P/E ratio of 17.14, a P/E/G ratio of 3.38 and a beta of 0.65. The business has a fifty day simple moving average of C$150.44 and a 200-day simple moving average of C$155.46. Canadian National Railway has a 52 week low of C$143.18 and a 52 week high of C$181.34. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62.

Canadian National Railway Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were paid a dividend of $0.845 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $3.38 annualized dividend and a yield of 2.34%. Canadian National Railway’s dividend payout ratio (DPR) is 40.14%.

Canadian National Railway Company Profile

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.