Canadian National Railway (TSE:CNR) Given Average Rating of “Moderate Buy” by Analysts

Canadian National Railway (TSE:CNR) (NYSE:CNI) has been given a consensus recommendation of “Moderate Buy” by the nineteen ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$171.07.

A number of research analysts have recently issued reports on the company. Citigroup raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Raymond James decreased their price target on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 11th. National Bankshares dropped their price objective on Canadian National Railway from C$181.00 to C$178.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. TD Securities cut their target price on shares of Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Finally, Barclays lowered their price target on shares of Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating for the company in a report on Wednesday, September 25th.

Canadian National Railway Trading Up 0.6 %

Shares of CNR opened at C$148.07 on Thursday. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63. Canadian National Railway has a fifty-two week low of C$143.72 and a fifty-two week high of C$181.34. The firm has a 50 day moving average price of C$152.75 and a 200-day moving average price of C$157.67. The firm has a market cap of C$93.21 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 3.38 and a beta of 0.65.

Canadian National Railway Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be issued a dividend of $0.845 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $3.38 annualized dividend and a dividend yield of 2.28%. Canadian National Railway’s payout ratio is 40.14%.

Insider Buying and Selling

In other news, Director Shauneen Elizabeth Bruder bought 608 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average cost of C$145.24 per share, with a total value of C$88,307.74. Also, Director Tracy Robinson purchased 3,300 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average price of C$147.99 per share, for a total transaction of C$488,380.20. Insiders have purchased 6,694 shares of company stock worth $1,005,958 in the last 90 days. Insiders own 2.64% of the company’s stock.

Canadian National Railway Company Profile

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.