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

Canadian National Railway (TSE:CNR) (NYSE:CNI) has earned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$171.07.

Several equities research analysts recently commented on the stock. UBS Group boosted their price objective on shares of Canadian National Railway from C$189.00 to C$190.00 in a research report on Thursday, October 24th. JPMorgan Chase & Co. lowered their price target on shares of Canadian National Railway from C$176.00 to C$169.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 8th. Wells Fargo & Company upgraded Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 7th. ATB Capital increased their target price on Canadian National Railway from C$167.00 to C$168.00 in a report on Wednesday, October 23rd. Finally, Barclays cut their price target on Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating for the company in a report on Wednesday, September 25th.

Insider Activity at Canadian National Railway

In other Canadian National Railway news, Director David Lund Freeman purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was purchased at an average cost of C$152.57 per share, with a total value of C$152,572.80. In other news, Director Shauneen Elizabeth Bruder acquired 543 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were bought at an average price of C$157.53 per share, for a total transaction of C$85,539.88. Also, Director David Lund Freeman bought 1,000 shares of Canadian National Railway stock in a transaction dated Thursday, October 24th. The shares were purchased at an average cost of C$152.57 per share, for a total transaction of C$152,572.80. Over the last quarter, insiders have acquired 2,773 shares of company stock worth $437,437. Company insiders own 2.64% of the company’s stock.

Canadian National Railway Stock Up 0.5 %

CNR opened at C$150.89 on Wednesday. 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 company has a market cap of C$94.99 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 3.38 and a beta of 0.65. Canadian National Railway has a one year low of C$149.22 and a one year high of C$181.34. The business’s fifty day moving average is C$157.06 and its two-hundred day moving average is C$162.67.

Canadian National Railway Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be given a dividend of $0.845 per share. This represents a $3.38 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Monday, December 9th. 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.