Brokerages Set Canadian National Railway (TSE:CNR) PT at C$182.79

Canadian National Railway (TSE:CNR) (NYSE:CNI) has been given an average rating of “Hold” by the sixteen analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$179.29.

A number of research firms recently issued reports on CNR. Royal Bank of Canada decreased their target price on shares of Canadian National Railway from C$172.00 to C$169.00 in a research report on Wednesday, July 24th. Scotiabank cut their price objective on shares of Canadian National Railway from C$188.00 to C$187.00 in a report on Wednesday, July 24th. ATB Capital cut their price objective on shares of Canadian National Railway from C$180.00 to C$177.00 in a report on Wednesday, July 24th. National Bankshares cut their price objective on shares of Canadian National Railway from C$190.00 to C$186.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Canadian National Railway from C$180.00 to C$176.00 in a report on Wednesday, July 24th.

Canadian National Railway Trading Up 1.8 %

TSE CNR opened at C$159.60 on Monday. The company has a market capitalization of C$101.54 billion, a PE ratio of 19.46, a P/E/G ratio of 2.06 and a beta of 0.66. The company has a fifty day moving average of C$166.07 and a 200 day moving average of C$170.79. 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 101.48, a current ratio of 0.60 and a quick ratio of 0.58.

Canadian National Railway Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be paid a dividend of $0.845 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $3.38 annualized dividend and a yield of 2.12%. Canadian National Railway’s dividend payout ratio is presently 41.22%.

Insider Activity at Canadian National Railway

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder acquired 544 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was bought at an average price of C$160.21 per share, with a total value of C$87,156.42. In other Canadian National Railway news, Director Josephine Ann Marie Depass Olsovsky acquired 2,610 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average price of C$115.29 per share, with a total value of C$300,906.90. Also, Director Shauneen Elizabeth Bruder bought 544 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was purchased at an average price of C$160.21 per share, for a total transaction of C$87,156.42. 1.69% of the stock is owned by corporate insiders.

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.