Brokerages Set Canadian National Railway (TSE:CNR) PT at C$171.07

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

A number of analysts have recently weighed in on CNR shares. Desjardins dropped their price target on Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their target price on Canadian National Railway from C$176.00 to C$169.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 8th. TD Securities reduced their price target on shares of Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Citigroup raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Finally, Veritas raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd.

Insiders Place Their Bets

In related news, Director David Lund Freeman acquired 1,000 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were purchased at an average price of C$152.57 per share, for a total transaction of C$152,572.80. Also, Senior Officer Ghislain Houle sold 5,741 shares of Canadian National Railway stock in a transaction 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. In the last three months, insiders have bought 6,629 shares of company stock worth $1,003,190. Corporate insiders own 2.64% of the company’s stock.

Canadian National Railway Stock Performance

CNR stock opened at C$145.34 on Thursday. The stock’s 50 day simple moving average is C$153.20 and its 200 day simple moving average is C$158.08. Canadian National Railway has a 12-month low of C$143.72 and a 12-month high of C$181.34. The firm has a market cap of C$91.49 billion, a P/E ratio of 17.26, a P/E/G ratio of 3.38 and a beta of 0.65. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be issued a dividend of $0.845 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.33%. Canadian National Railway’s dividend payout ratio is currently 40.14%.

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.