Analysts Set Canadian National Railway (TSE:CNR) PT at C$175.36

Canadian National Railway (TSE:CNR) (NYSE:CNI) has been assigned an average recommendation of “Hold” from the sixteen research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$174.43.

CNR has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their price objective on Canadian National Railway from C$176.00 to C$169.00 and set a “neutral” rating on the stock in a research note on Tuesday. UBS Group reduced their price objective on Canadian National Railway from C$202.00 to C$189.00 in a research note on Wednesday, July 24th. National Bank Financial upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 26th. Barclays dropped their target price 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. Finally, BMO Capital Markets dropped their target price on Canadian National Railway from C$182.00 to C$178.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th.

Insiders Place Their Bets

In other news, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of the stock in a transaction on Friday, July 26th. The stock was acquired at an average cost of C$115.29 per share, for a total transaction of C$300,906.90. In related news, Director Shauneen Elizabeth Bruder purchased 543 shares of Canadian National Railway stock in a transaction dated Wednesday, September 25th. The stock was purchased at an average cost of C$157.53 per share, with a total value of C$85,539.88. Also, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of Canadian National Railway stock in a transaction dated Friday, July 26th. The stock was bought at an average cost of C$115.29 per share, with a total value of C$300,906.90. In the last ninety days, insiders bought 4,383 shares of company stock worth $585,772. 1.69% of the stock is currently owned by company insiders.

Canadian National Railway Stock Performance

TSE:CNR opened at C$156.31 on Friday. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. Canadian National Railway has a 1 year low of C$143.13 and a 1 year high of C$181.34. The stock’s 50 day simple moving average is C$157.14 and its two-hundred day simple moving average is C$165.68. The company has a market cap of C$98.40 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 2.06 and a beta of 0.65.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings data on Tuesday, July 23rd. The company reported C$1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%. The firm had revenue of C$4.33 billion during the quarter, compared to the consensus estimate of C$4.40 billion. As a group, equities analysts anticipate that Canadian National Railway will post 8.5979325 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a $0.845 dividend. This represents a $3.38 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Friday, September 6th. Canadian National Railway’s dividend payout ratio 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.