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

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have been given an average recommendation of “Moderate Buy” by the eighteen ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, seven have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$171.07.

CNR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Canadian National Railway from C$176.00 to C$169.00 and set a “neutral” rating on the stock in a report on Tuesday, October 8th. CIBC dropped their price target on Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. Citigroup upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. TD Securities dropped their target price on Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Finally, Veritas raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd.

Insider Buying and Selling

In other Canadian National Railway news, Director Tracy Robinson bought 3,300 shares of Canadian National Railway stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average cost of C$147.99 per share, with a total value of C$488,380.20. Also, Senior Officer Ghislain Houle sold 5,741 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of C$150.82, for a total value of C$865,844.99. In the last 90 days, insiders acquired 6,629 shares of company stock valued at $1,003,190. 2.64% of the stock is owned by company insiders.

Canadian National Railway Stock Down 0.7 %

TSE:CNR opened at C$146.40 on Thursday. 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 twelve month low of C$146.23 and a twelve month high of C$181.34. The company has a market cap of C$92.16 billion, a PE ratio of 17.39, a P/E/G ratio of 3.38 and a beta of 0.65. The company’s 50 day moving average is C$153.62 and its two-hundred day moving average is C$158.46.

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 given a dividend of $0.845 per share. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend 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.