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

Canadian National Railway (TSE:CNR) (NYSE:CNI) has received a consensus rating of “Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$125.91.

CNR has been the topic of a number of research reports. UBS Group decreased their price objective on Canadian National Railway from C$127.00 to C$126.00 in a report on Wednesday, July 24th. Royal Bank of Canada raised their price objective on Canadian National Railway from C$128.00 to C$137.00 in a report on Friday, September 13th. National Bank Financial decreased their price target on Canadian National Railway from C$126.00 to C$124.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 27th. JPMorgan Chase & Co. lifted their price target on Canadian National Railway from C$122.00 to C$125.00 in a research note on Monday, July 29th. Finally, Raymond James reissued an “outperform” rating and set a C$135.00 target price on shares of Canadian National Railway in a research note on Wednesday, July 24th.

In other news, insider Cascade Investment, L.L.C. purchased 188,936 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average cost of C$123.84 per share, for a total transaction of C$23,398,063.23. Following the completion of the transaction, the insider now directly owns 101,048,265 shares of the company’s stock, valued at approximately C$12,513,939,608.10. Also, Director Denis Losier sold 1,000 shares of Canadian National Railway stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$122.11, for a total value of C$122,110.00. Following the sale, the director now owns 171,254 shares in the company, valued at C$20,911,825.94. Over the last three months, insiders have bought 421,425 shares of company stock worth $51,736,266 and have sold 18,182 shares worth $2,226,021.

Shares of CNR traded up C$0.63 during trading hours on Thursday, reaching C$121.19. 790,876 shares of the company’s stock traded hands, compared to its average volume of 1,078,322. The stock has a market cap of $86.65 billion and a PE ratio of 19.99. The company has a current ratio of 0.69, a quick ratio of 0.34 and a debt-to-equity ratio of 77.28. The firm’s 50 day simple moving average is C$122.37 and its 200-day simple moving average is C$121.85. Canadian National Railway has a 12 month low of C$96.46 and a 12 month high of C$127.96.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$1.65 by C$0.08. The business had revenue of C$3.96 billion for the quarter, compared to the consensus estimate of C$3.93 billion. As a group, analysts expect that Canadian National Railway will post 6.2915347 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 9th will be paid a dividend of $0.5375 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.15 annualized dividend and a dividend yield of 1.77%. Canadian National Railway’s dividend payout ratio (DPR) is presently 32.74%.

Canadian National Railway Company Profile

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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Analyst Recommendations for Canadian National Railway (TSE:CNR)

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