Canadian National Railway (TSE:CNR) Receives Average Rating of “Moderate Buy” from Brokerages

Canadian National Railway (TSE:CNR) (NYSE:CNI) has been given an average recommendation of “Moderate Buy” by the eighteen analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$152.87.

CNR has been the subject of a number of research analyst reports. Sanford C. Bernstein decreased their price target on Canadian National Railway from C$149.00 to C$148.00 in a research note on Tuesday, September 30th. JPMorgan Chase & Co. reduced their target price on Canadian National Railway from C$154.00 to C$153.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Royal Bank Of Canada lifted their target price on Canadian National Railway from C$148.00 to C$158.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. ATB Capital boosted their target price on shares of Canadian National Railway from C$150.00 to C$151.00 and gave the company a “sector perform” rating in a research note on Monday, November 3rd. Finally, CIBC raised shares of Canadian National Railway from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$146.00 to C$151.00 in a research note on Friday, November 28th.

Canadian National Railway Trading Up 2.6%

CNR stock opened at C$137.69 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. Canadian National Railway has a twelve month low of C$126.11 and a twelve month high of C$154.60. The stock has a market capitalization of C$84.75 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 3.38 and a beta of 0.86. The firm’s fifty day simple moving average is C$133.08 and its two-hundred day simple moving average is C$135.40.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Friday, October 31st. The company reported C$1.83 EPS for the quarter. Canadian National Railway had a net margin of 31.20% and a return on equity of 27.10%. The firm had revenue of C$4.17 billion during the quarter. As a group, analysts anticipate that Canadian National Railway will post 8.2610275 earnings per share for the current year.

Canadian National Railway Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 29th were paid a $0.8875 dividend. This represents a $3.55 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Monday, September 8th. Canadian National Railway’s dividend payout ratio is currently 47.66%.

About Canadian National Railway

Canadian National’s railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2019, CN delivered almost 6 million carloads over its 19,600 miles of track. CN generated roughly CAD 14 billion in total revenue by hauling intermodal containers (25% of consolidated revenue), petroleum and chemicals (21%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (6%), and coal (4%).