Canadian National Railway (TSE:CNR) Receives C$171.07 Consensus Target Price from Brokerages

Canadian National Railway (TSE:CNR) (NYSE:CNI) has been given an average recommendation of “Moderate Buy” by the nineteen ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, nine have issued a buy recommendation and four have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$170.60.

Several research firms recently weighed in on CNR. Citigroup raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. ATB Capital upped their price objective on shares of Canadian National Railway from C$167.00 to C$168.00 in a research report on Wednesday, October 23rd. Veritas raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. reissued an “outperform” rating on shares of Canadian National Railway in a research note on Tuesday, January 7th. Finally, UBS Group boosted their target price on Canadian National Railway from C$189.00 to C$190.00 in a research note on Thursday, October 24th.

Canadian National Railway Trading Up 0.1 %

CNR opened at C$146.93 on Monday. Canadian National Railway has a twelve month low of C$143.18 and a twelve month high of C$181.34. The company has a 50-day simple moving average of C$149.99 and a 200 day simple moving average of C$155.32. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62. The stock has a market capitalization of C$92.49 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 3.38 and a beta of 0.65.

Canadian National Railway Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were paid a $0.845 dividend. This represents a $3.38 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Monday, December 9th. Canadian National Railway’s dividend payout ratio is currently 40.14%.

Insider Activity

In other Canadian National Railway news, Senior Officer Ghislain Houle sold 5,741 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of C$150.82, for a total transaction of C$865,844.99. Also, Director David Lund Freeman bought 1,000 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were purchased at an average cost of C$152.57 per share, with a total value of C$152,572.80. Insiders bought 6,694 shares of company stock valued at $1,005,958 over the last quarter. 2.64% of the stock is owned by company insiders.

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.