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

Canadian National Railway (TSE:CNR) (NYSE:CNI) has been given a consensus recommendation of “Moderate Buy” by the nineteen research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$171.07.

Several research firms have recently weighed in on CNR. Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Wells Fargo & Company raised Canadian National Railway from an “equal weight” rating to an “overweight” rating in a report on Monday, October 7th. UBS Group lifted their price objective on Canadian National Railway from C$189.00 to C$190.00 in a report on Thursday, October 24th. CIBC lowered their target price on Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Finally, Scotiabank cut their price target on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a research note on Wednesday, September 11th.

Insider Buying and Selling at Canadian National Railway

In other news, Director Josephine Ann Marie Depass Olsovsky bought 1,786 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was acquired at an average cost of C$154.93 per share, with a total value of C$276,697.30. Also, Director Tracy Robinson acquired 3,300 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average price of C$147.99 per share, with a total value of C$488,380.20. Insiders have acquired a total of 6,694 shares of company stock valued at $1,005,958 over the last ninety days. 2.64% of the stock is currently owned by company insiders.

Canadian National Railway Price Performance

Shares of TSE:CNR opened at C$148.07 on Thursday. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63. The firm has a market cap of C$93.21 billion, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The business has a 50-day simple moving average of C$152.75 and a two-hundred day simple moving average of C$157.67. Canadian National Railway has a fifty-two week low of C$143.72 and a fifty-two week high of C$181.34.

Canadian National Railway Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be paid a $0.845 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $3.38 dividend on an annualized basis and a yield of 2.28%. Canadian National Railway’s payout ratio is presently 40.14%.

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.