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

Canadian National Railway (TSE:CNR) (NYSE:CNI) has been assigned a consensus rating of “Moderate Buy” from the nineteen research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, eight have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$155.79.

A number of analysts have recently commented on CNR shares. TD Securities cut their target price on shares of Canadian National Railway from C$168.00 to C$165.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Royal Bank Of Canada decreased their target price on shares of Canadian National Railway from C$161.00 to C$157.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. ATB Capital decreased their target price on shares of Canadian National Railway from C$155.00 to C$150.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 23rd. Argus upgraded shares of Canadian National Railway to a “hold” rating in a report on Friday, June 27th. Finally, BMO Capital Markets decreased their target price on shares of Canadian National Railway from C$168.00 to C$163.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd.

Insider Activity

In related news, Director Shauneen Elizabeth Bruder acquired 7,600 shares of the firm’s stock in a transaction dated Thursday, July 24th. The shares were purchased at an average cost of C$131.40 per share, for a total transaction of C$998,624.04. Also, Director Susan C. Jones acquired 1,520 shares of the firm’s stock in a transaction dated Thursday, July 24th. The stock was bought at an average price of C$130.96 per share, for a total transaction of C$199,065.28. Insiders acquired a total of 9,747 shares of company stock worth $1,285,138 over the last quarter. 2.64% of the stock is currently owned by company insiders.

Canadian National Railway Stock Up 0.6%

CNR stock opened at C$132.95 on Tuesday. The stock has a market capitalization of C$82.99 billion, a P/E ratio of 18.34, a P/E/G ratio of 3.38 and a beta of 0.93. The firm has a 50-day simple moving average of C$135.12 and a 200-day simple moving average of C$139.19. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. Canadian National Railway has a 52 week low of C$126.91 and a 52 week high of C$164.53.

Canadian National Railway Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Shareholders of record on Monday, September 8th will be issued a $0.8875 dividend. This represents a $3.55 annualized dividend and a yield of 2.7%. Canadian National Railway’s payout ratio is 47.79%.

Canadian National Railway Company Profile

Canadian National’s railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2019, CN delivered almost 6 million carloads over its 19,600 miles of track. CN generated roughly CAD 14 billion in total revenue by hauling intermodal containers (25% of consolidated revenue), petroleum and chemicals (21%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (6%), and coal (4%).