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

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have earned a consensus rating of “Moderate Buy” from the eighteen brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, seven have given a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$171.07.

Several analysts recently issued reports on CNR shares. Veritas raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Barclays dropped their target price on shares of Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating on the stock in a report on Wednesday, September 25th. BMO Capital Markets dropped their target price on shares of Canadian National Railway from C$182.00 to C$178.00 and set an “outperform” rating on the stock in a report on Wednesday, September 11th. ATB Capital increased their target price on shares of Canadian National Railway from C$167.00 to C$168.00 in a report on Wednesday, October 23rd. Finally, TD Securities dropped their target price on shares of Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd.

Canadian National Railway Price Performance

Shares of CNR stock opened at C$154.23 on Friday. The company has a market capitalization of C$97.09 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The firm has a fifty day simple moving average of C$155.85 and a 200-day simple moving average of C$160.77. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62. Canadian National Railway has a twelve month low of C$147.35 and a twelve month high of C$181.34.

Canadian National Railway Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be given a dividend of $0.845 per share. The ex-dividend date is Monday, December 9th. This represents a $3.38 annualized dividend and a dividend yield of 2.19%. Canadian National Railway’s dividend payout ratio (DPR) is 40.14%.

Insider Activity

In other Canadian National Railway news, Senior Officer Ghislain Houle sold 5,741 shares of the company’s stock in a transaction dated 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 Shauneen Elizabeth Bruder acquired 543 shares of Canadian National Railway stock in a transaction on Wednesday, September 25th. The shares were purchased at an average cost of C$157.53 per share, with a total value of C$85,539.88. In the last quarter, insiders acquired 7,859 shares of company stock worth $1,202,515. Corporate 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.