Canadian National Railway (TSE:CNR) Receives C$184.00 Consensus Price Target from Analysts

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$184.00.

A number of research firms have recently commented on CNR. National Bankshares upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating and set a C$190.00 target price on the stock in a research note on Thursday, June 27th. BMO Capital Markets reduced their price target on Canadian National Railway from C$195.00 to C$188.00 and set an “outperform” rating for the company in a research report on Wednesday, June 19th. Scotiabank raised their price objective on shares of Canadian National Railway from C$173.00 to C$184.00 and gave the company a “sector perform” rating in a research report on Monday, March 25th. Royal Bank of Canada raised their price target on shares of Canadian National Railway from C$171.00 to C$172.00 and gave the company a “sector perform” rating in a report on Wednesday, April 24th. Finally, National Bank Financial raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 26th.

Insider Activity

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder acquired 544 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was acquired at an average price of C$160.21 per share, for a total transaction of C$87,156.42. Insiders own 1.69% of the company’s stock.

Canadian National Railway Stock Up 0.1 %

Canadian National Railway stock opened at C$161.66 on Thursday. The company has a market capitalization of C$102.85 billion, a PE ratio of 19.71, a PEG ratio of 2.06 and a beta of 0.66. The firm’s fifty day moving average is C$169.50 and its 200 day moving average is C$171.13. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 101.48. Canadian National Railway has a 12-month low of C$143.13 and a 12-month high of C$181.34.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported C$1.72 earnings per share for the quarter, meeting the consensus estimate of C$1.72. Canadian National Railway had a return on equity of 27.06% and a net margin of 32.86%. The business had revenue of C$4.25 billion for the quarter, compared to analysts’ expectations of C$4.29 billion. As a group, sell-side analysts predict that Canadian National Railway will post 7.7897884 EPS for the current fiscal year.

Canadian National Railway Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were paid a $0.845 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $3.38 dividend on an annualized basis and a yield of 2.09%. Canadian National Railway’s dividend payout ratio (DPR) is currently 41.22%.

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.