Canadian National Railway (TSE:CNR) Receives Average Rating of “Hold” from Analysts

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have earned an average rating of “Hold” from the thirteen analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$184.50.

A number of analysts recently issued reports on the company. National Bankshares boosted their price target on Canadian National Railway from C$172.00 to C$190.00 in a report on Thursday, April 4th. CIBC increased their price target on Canadian National Railway from C$177.00 to C$183.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. JPMorgan Chase & Co. lifted their price objective on Canadian National Railway from C$158.00 to C$164.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. ATB Capital increased their target price on shares of Canadian National Railway from C$165.00 to C$180.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. Finally, BMO Capital Markets boosted their price target on shares of Canadian National Railway from C$185.00 to C$195.00 in a report on Monday, April 1st.

Insider Buying and Selling at Canadian National Railway

In other news, Senior Officer Derek Michael Taylor sold 2,610 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of C$131.26, for a total transaction of C$342,577.38. In related news, Director Shauneen Elizabeth Bruder acquired 488 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average cost of C$177.40 per share, with a total value of C$86,571.20. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of C$131.26, for a total transaction of C$342,577.38. 1.69% of the stock is owned by insiders.

Canadian National Railway Price Performance

Canadian National Railway stock opened at C$171.89 on Wednesday. The stock has a market cap of C$109.36 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. The firm has a 50-day moving average of C$174.92 and a two-hundred day moving average of C$167.16. Canadian National Railway has a 1 year low of C$143.13 and a 1 year high of C$181.34. The company has a debt-to-equity ratio of 100.86, a current ratio of 0.60 and a quick ratio of 0.58.

Canadian National Railway Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $0.845 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.38 annualized dividend and a dividend yield of 1.97%. Canadian National Railway’s dividend payout ratio (DPR) is presently 40.09%.

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.