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

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have been assigned an average rating of “Moderate Buy” from the eighteen brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$171.07.

CNR has been the topic of a number of recent research reports. TD Securities lowered their target price on Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Sanford C. Bernstein cut their price target on Canadian National Railway from C$179.00 to C$173.00 in a research note on Wednesday, October 9th. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. CIBC dropped their price objective on Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Finally, BMO Capital Markets reduced their target price on Canadian National Railway from C$182.00 to C$178.00 and set an “outperform” rating for the company in a research note on Wednesday, September 11th.

Insider Transactions at Canadian National Railway

In other Canadian National Railway news, Director David Lund Freeman purchased 1,000 shares of the business’s stock in a transaction on 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. In related news, Director Susan C. Jones bought 1,230 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was purchased at an average cost of C$162.05 per share, with a total value of C$199,324.82. Also, Director David Lund Freeman purchased 1,000 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were bought at an average price of C$152.57 per share, for a total transaction of C$152,572.80. Insiders bought a total of 2,773 shares of company stock worth $437,437 over the last ninety days. Company insiders own 2.64% of the company’s stock.

Canadian National Railway Stock Performance

Shares of CNR stock opened at C$150.98 on Wednesday. The business has a fifty day moving average of C$157.24 and a 200 day moving average of C$163.26. Canadian National Railway has a 1 year low of C$148.10 and a 1 year high of C$181.34. 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 firm has a market capitalization of C$95.04 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65.

Canadian National Railway Dividend Announcement

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

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.