Analysts Set Canadian National Railway (TSE:CNR) Target Price at C$184.00

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have received a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$184.00.

A number of research firms recently commented on CNR. Sanford C. Bernstein upped their price objective on Canadian National Railway from C$191.00 to C$195.00 and gave the company an “outperform” rating in a report on Monday, April 15th. Scotiabank increased their price target on Canadian National Railway from C$173.00 to C$184.00 and gave the stock a “sector perform” rating in a report on Monday, March 25th. Desjardins increased their price target on Canadian National Railway from C$189.00 to C$195.00 and gave the stock a “buy” rating in a report on Friday, April 12th. UBS Group lowered their price target on Canadian National Railway from C$205.00 to C$202.00 in a report on Wednesday, April 24th. Finally, TD Securities increased their price target on Canadian National Railway from C$185.00 to C$190.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th.

Canadian National Railway Trading Up 0.1 %

TSE CNR opened at C$161.66 on Thursday. The stock has a 50-day simple moving average of C$169.50 and a 200 day simple moving average of C$171.07. The company has a market capitalization of C$102.85 billion, a PE ratio of 19.71, a P/E/G ratio of 2.06 and a beta of 0.66. 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 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 released its quarterly earnings data on Tuesday, April 23rd. The company reported C$1.72 EPS for the quarter, meeting analysts’ consensus estimates of C$1.72. The business had revenue of C$4.25 billion during the quarter, compared to the consensus estimate of C$4.29 billion. Canadian National Railway had a return on equity of 27.06% and a net margin of 32.86%. Research analysts forecast that Canadian National Railway will post 7.7897884 EPS for the current year.

Canadian National Railway Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were given a $0.845 dividend. The ex-dividend date was Friday, June 7th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.09%. Canadian National Railway’s payout ratio is 41.22%.

Insider Activity

In other news, Director Shauneen Elizabeth Bruder purchased 544 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was acquired at an average cost of C$160.21 per share, with a total value of C$87,156.42. Insiders own 1.69% 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.