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

Canadian National Railway (TSE:CNR) (NYSE:CNI) has earned an average recommendation of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$183.00.

Several research analysts recently weighed in on CNR shares. Barclays raised their target price on Canadian National Railway from C$170.00 to C$175.00 in a research note on Thursday, April 4th. ATB Capital increased their price target on Canadian National Railway from C$165.00 to C$180.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 24th. Veritas Investment Research lowered Canadian National Railway from a “buy” rating to a “reduce” rating and set a C$168.00 price target for the company. in a research report on Wednesday, January 24th. JPMorgan Chase & Co. increased their price objective on Canadian National Railway from C$158.00 to C$164.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Finally, BMO Capital Markets increased their price objective on Canadian National Railway from C$185.00 to C$195.00 in a research note on Monday, April 1st.

Insider Buying and Selling

In related news, Director Shauneen Elizabeth Bruder bought 488 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average price of C$177.40 per share, for a total transaction of C$86,571.20. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder acquired 488 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were purchased at an average price of C$177.40 per share, for a total transaction of C$86,571.20. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of C$131.26, for a total value of C$342,577.38. 1.67% of the stock is currently owned by corporate insiders.

Canadian National Railway Stock Performance

Canadian National Railway stock opened at C$174.93 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 93.89. The stock has a market cap of C$112.00 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. Canadian National Railway has a 52 week low of C$143.13 and a 52 week high of C$181.34. The stock has a 50 day moving average of C$175.87 and a 200-day moving average of C$164.60.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported C$2.02 EPS for the quarter, beating analysts’ consensus estimates of C$1.96 by C$0.06. The company had revenue of C$4.47 billion for the quarter, compared to analyst estimates of C$4.38 billion. Canadian National Railway had a return on equity of 27.11% and a net margin of 33.43%. On average, analysts expect that Canadian National Railway will post 8.0140399 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were issued a dividend of $0.845 per share. This represents a $3.38 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Wednesday, March 6th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.79. Canadian National Railway’s dividend payout ratio is presently 39.62%.

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.