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

Canadian National Railway (TSE:CNR) (NYSE:CNI) has been given an average rating of “Moderate Buy” by the nineteen ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, nine have assigned a buy recommendation and four have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$170.60.

CNR has been the topic of several recent research reports. ATB Capital raised their target price on shares of Canadian National Railway from C$167.00 to C$168.00 in a research note on Wednesday, October 23rd. Barclays reduced their target price on shares of Canadian National Railway from C$162.00 to C$160.00 in a research note on Friday. JPMorgan Chase & Co. reaffirmed an “outperform” rating on shares of Canadian National Railway in a research note on Tuesday, January 7th. TD Securities raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and reduced their target price for the company from C$175.00 to C$170.00 in a research note on Monday, January 13th. Finally, Citigroup raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th.

Canadian National Railway Trading Up 0.1 %

CNR opened at C$146.93 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62. The stock has a market capitalization of C$92.49 billion, a PE ratio of 17.45, a PEG ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 1-year low of C$143.18 and a 1-year high of C$181.34. The firm has a 50-day moving average price of C$149.99 and a two-hundred day moving average price of C$155.32.

Canadian National Railway Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were issued a dividend of $0.845 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $3.38 dividend on an annualized basis and a yield of 2.30%. Canadian National Railway’s payout ratio is 40.14%.

Insider Buying and Selling

In related news, Director Shauneen Elizabeth Bruder acquired 608 shares of Canadian National Railway stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of C$145.24 per share, with a total value of C$88,307.74. Also, Senior Officer Ghislain Houle sold 5,741 shares of Canadian National Railway stock in a transaction on Friday, November 1st. The stock was sold at an average price of C$150.82, for a total transaction of C$865,844.99. Over the last three months, insiders have bought 6,694 shares of company stock worth $1,005,958. Insiders own 2.64% of the company’s stock.

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.