Canadian National Railway (TSE:CNR) Receives C$171.07 Average PT from Analysts

Canadian National Railway (TSE:CNR) (NYSE:CNI) has earned an average recommendation of “Moderate Buy” from the eighteen ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$171.07.

Several equities analysts have recently commented on CNR shares. Scotiabank lowered their price objective on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. Desjardins lowered 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 report on Wednesday, October 23rd. UBS Group increased their price objective on shares of Canadian National Railway from C$189.00 to C$190.00 in a report on Thursday, October 24th. National Bankshares reduced their price objective on shares of Canadian National Railway from C$181.00 to C$178.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, Raymond James dropped their target price on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th.

Canadian National Railway Stock Up 0.4 %

Shares of CNR stock opened at C$150.98 on Wednesday. The company has a market capitalization of C$95.04 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 3.38 and a beta of 0.65. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. The company’s fifty day moving average price is C$157.24 and its 200-day moving average price is C$163.04. Canadian National Railway has a one year low of C$148.10 and a one year high of C$181.34.

Canadian National Railway Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be given a $0.845 dividend. This represents a $3.38 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is currently 40.14%.

Insider Buying and Selling at Canadian National Railway

In other Canadian National Railway news, Director David Lund Freeman purchased 1,000 shares of Canadian National Railway stock in a transaction dated Thursday, October 24th. The shares were purchased at an average cost of C$152.57 per share, for a total transaction of C$152,572.80. In related news, Director Shauneen Elizabeth Bruder acquired 543 shares of the stock in a transaction on Wednesday, September 25th. The stock was bought at an average cost of C$157.53 per share, with a total value of C$85,539.88. Also, Director David Lund Freeman bought 1,000 shares of Canadian National Railway stock in a transaction dated Thursday, October 24th. The shares were bought at an average cost of C$152.57 per share, for a total transaction of C$152,572.80. Insiders acquired 2,773 shares of company stock worth $437,437 over the last 90 days. Company insiders own 2.64% of the company’s stock.

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.