Canadian National Railway (TSE:CNR) Given Average Rating of “Hold” by Analysts

Shares of Canadian National Railway (TSE:CNRGet Rating) (NYSE:CNI) have earned a consensus rating of “Hold” from the twenty-three ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$155.55.

A number of equities analysts recently issued reports on CNR shares. National Bankshares dropped their price target on shares of Canadian National Railway from C$172.00 to C$168.00 in a research note on Friday, April 8th. JPMorgan Chase & Co. began coverage on shares of Canadian National Railway in a research note on Thursday, March 10th. They issued a “hold” rating and a C$171.00 price target on the stock. Evercore ISI restated a “hold” rating and set a C$138.00 target price on shares of Canadian National Railway in a research note on Monday, December 20th. Scotiabank upped their target price on shares of Canadian National Railway from C$170.00 to C$174.00 in a research note on Wednesday, April 6th. Finally, Sanford C. Bernstein lowered their target price on shares of Canadian National Railway from C$168.00 to C$167.00 in a research note on Wednesday, January 26th.

Shares of TSE:CNR traded up C$0.65 during midday trading on Tuesday, reaching C$160.03. The company’s stock had a trading volume of 249,258 shares, compared to its average volume of 1,165,034. The firm has a 50 day moving average of C$160.70 and a 200-day moving average of C$158.36. The firm has a market capitalization of C$111.99 billion and a P/E ratio of 23.18. The company has a quick ratio of 0.61, a current ratio of 1.10 and a debt-to-equity ratio of 56.78. Canadian National Railway has a 12-month low of C$125.00 and a 12-month high of C$171.48.

Canadian National Railway (TSE:CNRGet Rating) (NYSE:CNI) last announced its quarterly earnings results on Tuesday, January 25th. The company reported C$1.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$1.53 by C$0.18. The firm had revenue of C$3.75 billion during the quarter, compared to the consensus estimate of C$3.68 billion. On average, research analysts predict that Canadian National Railway will post 7.8400008 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Thursday, March 10th were issued a $0.733 dividend. This represents a $2.93 annualized dividend and a yield of 1.83%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Wednesday, March 9th. Canadian National Railway’s dividend payout ratio is currently 35.70%.

In other Canadian National Railway news, Senior Officer Sean Finn sold 8,211 shares of the stock in a transaction that occurred on Thursday, January 27th. The shares were sold at an average price of C$151.60, for a total transaction of C$1,244,781.85. Following the completion of the sale, the insider now directly owns 19,900 shares of the company’s stock, valued at approximately C$3,016,826.07. Also, Director James E. O’connor acquired 579 shares of the business’s stock in a transaction on Thursday, March 24th. The shares were bought at an average cost of C$168.27 per share, with a total value of C$97,430.07. Following the completion of the acquisition, the director now owns 34,727 shares in the company, valued at C$5,843,616.47. Insiders sold a total of 29,101 shares of company stock valued at $4,488,891 over the last three months.

About Canadian National Railway (Get Rating)

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

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Analyst Recommendations for Canadian National Railway (TSE:CNR)

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