Analysts Set Canadian National Railway (TSE:CNR) Target Price at C$182.71

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have received a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$183.00.

A number of equities research analysts have issued reports on CNR shares. BMO Capital Markets upped their target price on Canadian National Railway from C$185.00 to C$195.00 in a research report on Monday, April 1st. Sanford C. Bernstein increased their price objective on Canadian National Railway from C$191.00 to C$195.00 and gave the company an “outperform” rating in a research report on Monday. CIBC increased their price objective on Canadian National Railway from C$177.00 to C$183.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. Raymond James increased their price objective on Canadian National Railway from C$175.00 to C$185.00 in a research report on Monday, January 22nd. Finally, JPMorgan Chase & Co. increased their price objective on Canadian National Railway from C$158.00 to C$164.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th.

Insider Buying and Selling at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder purchased 6,000 shares of Canadian National Railway stock in a transaction on Thursday, February 1st. The shares were purchased at an average price of C$168.44 per share, for a total transaction of C$1,010,640.00. In other news, Senior Officer Derek Michael Taylor sold 2,610 shares of the firm’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 value of C$342,577.38. Also, Director Shauneen Elizabeth Bruder purchased 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average price of C$168.44 per share, for a total transaction of C$1,010,640.00. Corporate insiders own 1.67% of the company’s stock.

Canadian National Railway Price Performance

Shares of CNR opened at C$174.93 on Friday. The company has a market capitalization of C$112.00 billion, a price-to-earnings ratio of 20.51, a P/E/G ratio of 2.06 and a beta of 0.65. Canadian National Railway has a fifty-two week low of C$143.13 and a fifty-two week high of C$181.34. The company has a debt-to-equity ratio of 93.89, a current ratio of 0.61 and a quick ratio of 0.58. The business’s 50-day moving average is C$175.87 and its 200-day moving average is C$164.60.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported C$2.02 EPS for the quarter, beating the consensus estimate of C$1.96 by C$0.06. The business had revenue of C$4.47 billion during the quarter, compared to analysts’ expectations of C$4.38 billion. Canadian National Railway had a return on equity of 27.11% and a net margin of 33.43%. Equities research analysts expect that Canadian National Railway will post 8.0140399 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were issued a $0.845 dividend. This represents a $3.38 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Wednesday, March 6th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.79. Canadian National Railway’s dividend payout ratio is presently 39.62%.

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.