Canadian National Railway (TSE:CNR) Receives Average Recommendation of “Hold” from Brokerages

Canadian National Railway (TSE:CNR) (NYSE:CNI) has received a consensus rating of “Hold” from the sixteen brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$174.93.

A number of brokerages have commented on CNR. Wells Fargo & Company raised Canadian National Railway to a “hold” rating in a research note on Wednesday, July 24th. UBS Group decreased their price target on Canadian National Railway from C$202.00 to C$189.00 in a research note on Wednesday, July 24th. JPMorgan Chase & Co. decreased their price target on Canadian National Railway from C$180.00 to C$176.00 in a research note on Wednesday, July 24th. ATB Capital reduced their target price on Canadian National Railway from C$177.00 to C$167.00 in a research note on Thursday, September 12th. Finally, National Bankshares reduced their target price on Canadian National Railway from C$190.00 to C$186.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th.

Insiders Place Their Bets

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

Canadian National Railway Stock Performance

Shares of CNR opened at C$163.87 on Tuesday. The company has a market cap of C$103.16 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62. Canadian National Railway has a 12-month low of C$143.13 and a 12-month high of C$181.34. The stock has a 50-day moving average price of C$158.86 and a 200-day moving average price of C$167.25.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported C$1.84 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). The firm had revenue of C$4.33 billion for the quarter, compared to analysts’ expectations of C$4.40 billion. Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. As a group, equities analysts forecast that Canadian National Railway will post 8.8716518 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 27th will be issued a $0.845 dividend. This represents a $3.38 annualized dividend and a yield of 2.06%. The ex-dividend date is Friday, September 6th. Canadian National Railway’s dividend payout ratio (DPR) is 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.