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

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have earned a consensus rating of “Moderate Buy” from the nineteen analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, nine have given a buy recommendation and four have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$170.60.

Several analysts have recently weighed in on CNR shares. Desjardins lowered 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 research note on Wednesday, October 23rd. Citigroup raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. UBS Group lifted their price objective on shares of Canadian National Railway from C$189.00 to C$190.00 in a report on Thursday, October 24th. Veritas raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Finally, Sanford C. Bernstein lowered their price objective on shares of Canadian National Railway from C$179.00 to C$173.00 in a research report on Wednesday, October 9th.

Insider Buying and Selling at Canadian National Railway

In related news, Senior Officer Ghislain Houle sold 5,741 shares of the firm’s stock in a transaction dated 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 bought 3,300 shares of Canadian National Railway stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average cost of C$147.99 per share, for a total transaction of C$488,380.20. Insiders have bought 6,694 shares of company stock worth $1,005,958 over the last 90 days. Corporate insiders own 2.64% of the company’s stock.

Canadian National Railway Trading Up 0.1 %

CNR opened at C$146.93 on Monday. The stock has a market cap of C$92.49 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. 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 has a twelve month low of C$143.18 and a twelve month high of C$181.34. The company has a fifty day moving average of C$149.84 and a 200-day moving average of C$155.18.

Canadian National Railway Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were paid a $0.845 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $3.38 dividend on an annualized basis and a yield of 2.30%. Canadian National Railway’s dividend payout ratio is presently 40.14%.

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.