Analysts Set Canadian National Railway (TSE:CNR) Price Target at C$184.00

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have been assigned an average rating of “Hold” from the fourteen research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$184.00.

CNR has been the topic of several research analyst reports. CIBC lifted their price target on Canadian National Railway from C$177.00 to C$183.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. Sanford C. Bernstein raised their target price on shares of Canadian National Railway from C$191.00 to C$195.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. UBS Group reduced their price objective on shares of Canadian National Railway from C$205.00 to C$202.00 in a research report on Wednesday, April 24th. BMO Capital Markets dropped their target price on Canadian National Railway from C$195.00 to C$188.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 19th. Finally, Scotiabank increased their price objective on Canadian National Railway from C$173.00 to C$184.00 and gave the stock a “sector perform” rating in a research report on Monday, March 25th.

Insider Activity at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder acquired 544 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was purchased at an average price of C$160.21 per share, for a total transaction of C$87,156.42. 1.69% of the stock is owned by corporate insiders.

Canadian National Railway Price Performance

Canadian National Railway stock opened at C$161.66 on Thursday. Canadian National Railway has a 12-month low of C$143.13 and a 12-month high of C$181.34. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 101.48. The stock has a market cap of C$102.85 billion, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 2.06 and a beta of 0.66. The company has a fifty day simple moving average of C$169.50 and a 200-day simple moving average of C$171.13.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported C$1.72 EPS for the quarter, meeting the consensus estimate of C$1.72. The company had revenue of C$4.25 billion for the quarter, compared to analyst estimates of C$4.29 billion. Canadian National Railway had a net margin of 32.86% and a return on equity of 27.06%. Equities analysts expect that Canadian National Railway will post 7.7897884 EPS for the current fiscal year.

Canadian National Railway Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were given a $0.845 dividend. The ex-dividend date was Friday, June 7th. This represents a $3.38 annualized dividend and a dividend yield of 2.09%. Canadian National Railway’s dividend payout ratio is presently 41.22%.

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.