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

Canadian National Railway (TSE:CNR) (NYSE:CNI) has earned an average rating of “Buy” from the eleven ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$125.91.

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Canadian National Railway from C$125.00 to C$128.00 in a research report on Friday. BMO Capital Markets increased their price target on shares of Canadian National Railway from C$125.00 to C$126.00 in a research report on Wednesday, July 24th. Cormark increased their price target on shares of Canadian National Railway from C$99.00 to C$101.00 in a research report on Wednesday, July 24th. Desjardins increased their target price on shares of Canadian National Railway from C$128.00 to C$129.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Finally, National Bank Financial cut their target price on shares of Canadian National Railway from C$124.00 to C$121.00 and set a “sector perform” rating for the company in a research report on Friday, September 27th.

In other news, Senior Officer Sean Finn sold 13,587 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of C$122.30, for a total value of C$1,661,690.10. Following the completion of the transaction, the insider now directly owns 15,554 shares in the company, valued at C$1,902,254.20. Also, insider Cascade Investment, L.L.C. acquired 143,188 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average price of C$121.34 per share, with a total value of C$17,374,575.11. Following the completion of the transaction, the insider now directly owns 100,592,796 shares of the company’s stock, valued at approximately C$12,206,030,459.44. In the last quarter, insiders have acquired 421,425 shares of company stock valued at $51,736,266 and have sold 15,160 shares valued at $1,853,813.

CNR traded down C$0.90 during trading on Monday, hitting C$112.62. 300,996 shares of the company traded hands, compared to its average volume of 1,102,868. The firm has a market cap of $81.17 billion and a P/E ratio of 18.57. The stock’s fifty day moving average is C$120.47 and its 200 day moving average is C$121.99. The company has a quick ratio of 0.34, a current ratio of 0.69 and a debt-to-equity ratio of 77.28. Canadian National Railway has a one year low of C$96.46 and a one year high of C$127.96.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.65 by C$0.08. The company had revenue of C$3.96 billion for the quarter, compared to the consensus estimate of C$3.93 billion. On average, equities research analysts forecast that Canadian National Railway will post 6.2915347 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 9th were given a dividend of $0.5375 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.15 dividend on an annualized basis and a yield of 1.91%. Canadian National Railway’s dividend payout ratio 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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