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

Canadian National Railway (TSE:CNR) (NYSE:CNI) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$171.07.

A number of equities analysts have recently issued reports on CNR shares. Scotiabank cut their price objective on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. ATB Capital upped their target price on Canadian National Railway from C$167.00 to C$168.00 in a research note on Wednesday, October 23rd. Sanford C. Bernstein decreased their price target on shares of Canadian National Railway from C$179.00 to C$173.00 in a research note on Wednesday, October 9th. CIBC lowered their price objective on shares of Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating for the company in a report on Wednesday, September 11th. Finally, Desjardins reduced their target price on shares of Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd.

Insider Activity at Canadian National Railway

In other news, Director Tracy Robinson acquired 3,300 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were acquired at an average cost of C$147.99 per share, with a total value of C$488,380.20. Also, Director Josephine Ann Marie Depass Olsovsky bought 1,786 shares of Canadian National Railway stock in a transaction on Wednesday, November 6th. The shares were purchased at an average price of C$154.93 per share, for a total transaction of C$276,697.30. Insiders acquired a total of 7,859 shares of company stock worth $1,202,515 over the last quarter. 2.64% of the stock is owned by corporate insiders.

Canadian National Railway Stock Performance

TSE CNR opened at C$155.44 on Friday. The company has a market capitalization of C$97.85 billion, a P/E ratio of 18.46, a P/E/G ratio of 3.38 and a beta of 0.65. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63. Canadian National Railway has a 52-week low of C$147.35 and a 52-week high of C$181.34. The company has a fifty day moving average of C$155.96 and a 200-day moving average of C$160.98.

Canadian National Railway Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.845 per share. The ex-dividend date is Monday, December 9th. This represents a $3.38 annualized dividend and a dividend yield of 2.17%. 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.