Canadian National Railway (TSE:CNR) Given Average Rating of “Hold” by Brokerages

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have been given a consensus recommendation of “Hold” by the sixteen brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$179.29.

Several research firms have recently issued reports on CNR. Stephens raised shares of Canadian National Railway to a “hold” rating in a research note on Wednesday. BMO Capital Markets decreased their price target on shares of Canadian National Railway from C$188.00 to C$182.00 in a research note on Wednesday. JPMorgan Chase & Co. lowered their target price on shares of Canadian National Railway from C$180.00 to C$176.00 in a research note on Wednesday. ATB Capital cut their price objective on shares of Canadian National Railway from C$180.00 to C$177.00 in a report on Wednesday. Finally, Scotiabank lowered their target price on Canadian National Railway from C$188.00 to C$187.00 in a report on Wednesday.

Canadian National Railway Trading Up 1.8 %

Canadian National Railway stock opened at C$159.60 on Monday. The firm has a market cap of C$101.54 billion, a PE ratio of 19.46, a P/E/G ratio of 2.06 and a beta of 0.66. Canadian National Railway has a 12 month low of C$143.13 and a 12 month high of C$181.34. The stock’s 50 day simple moving average is C$166.07 and its two-hundred day simple moving average is C$170.72. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 101.48.

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

Canadian National Railway Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be issued a $0.845 dividend. The ex-dividend date is Friday, September 6th. This represents a $3.38 annualized dividend and a dividend yield of 2.12%. Canadian National Railway’s dividend payout ratio is currently 41.22%.

Insider Buying and Selling

In other news, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were bought at an average cost of C$115.29 per share, for a total transaction of C$300,906.90. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 544 shares of Canadian National Railway stock in a transaction on Tuesday, June 25th. The shares were bought at an average cost of C$160.21 per share, for a total transaction of C$87,156.42. Also, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average price of C$115.29 per share, with a total value of C$300,906.90. 1.69% of the stock is currently owned by corporate insiders.

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.