Brokerages Set Canadian National Railway (TSE:CNR) Target Price at C$171.07

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

A number of research analysts recently commented on the company. Barclays cut 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 research note on Wednesday, September 25th. Raymond James reduced their price objective on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. JPMorgan Chase & Co. decreased their price target 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, October 8th. Desjardins dropped their price objective on shares of Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Finally, Scotiabank lowered their target price 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.

Canadian National Railway Trading Up 0.0 %

Canadian National Railway stock opened at C$156.34 on Friday. Canadian National Railway has a 12 month low of C$147.35 and a 12 month high of C$181.34. The stock has a market cap of C$98.42 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The business has a 50 day moving average price of C$155.48 and a two-hundred day moving average price of C$160.51. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62.

Canadian National Railway Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be given a $0.845 dividend. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is presently 40.14%.

Insider Transactions at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder acquired 543 shares of Canadian National Railway stock in a transaction on 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, Senior Officer Ghislain Houle sold 5,741 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of C$150.82, for a total transaction of C$865,844.99. Insiders have bought 7,859 shares of company stock worth $1,202,515 in the last ninety days. Insiders own 2.64% of the company’s stock.

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.