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

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have received a consensus rating of “Moderate Buy” from the eighteen research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and three have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$171.07.

A number of analysts have commented on CNR shares. UBS Group boosted their price objective on Canadian National Railway from C$189.00 to C$190.00 in a report on Thursday, October 24th. Wells Fargo & Company upgraded Canadian National Railway from an “equal weight” rating to an “overweight” rating in a report on Monday, October 7th. Desjardins dropped their price objective on Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Sanford C. Bernstein reduced their target price on shares of Canadian National Railway from C$179.00 to C$173.00 in a research note on Wednesday, October 9th. Finally, Barclays dropped their price target on shares of Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating on the stock in a research report on Wednesday, September 25th.

Insider Buying and Selling at Canadian National Railway

In other news, Senior Officer Ghislain Houle sold 5,741 shares of Canadian National Railway stock in a transaction on Friday, November 1st. The stock was sold at an average price of C$150.82, for a total value of C$865,844.99. Also, Director Tracy Robinson acquired 3,300 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were bought at an average price of C$147.99 per share, for a total transaction of C$488,380.20. Insiders have acquired a total of 7,859 shares of company stock valued at $1,202,515 over the last three months. 2.64% of the stock is currently owned by insiders.

Canadian National Railway Stock Performance

Shares of CNR stock opened at C$155.44 on Friday. 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$147.35 and a 12 month high of C$181.34. The firm has a market capitalization of C$97.85 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The firm has a fifty day simple moving average of C$155.96 and a two-hundred day simple moving average of C$160.98.

Canadian National Railway Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be issued a $0.845 dividend. This represents a $3.38 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is currently 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.