Canadian National Railway (TSE:CNR) Receives C$121.50 Average PT from Brokerages

Canadian National Railway (TSE:CNR) (NYSE:CNI) has received a consensus recommendation of “Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$121.50.

A number of research analysts have issued reports on the stock. UBS Group raised their price target on shares of Canadian National Railway from C$123.00 to C$130.00 in a report on Wednesday, January 29th. JPMorgan Chase & Co. raised their price target on shares of Canadian National Railway from C$119.00 to C$120.00 in a report on Wednesday, January 29th. Scotiabank decreased their price target on shares of Canadian National Railway from C$127.00 to C$126.00 in a report on Wednesday, January 29th. Raymond James raised shares of Canadian National Railway from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$130.00 to C$138.00 in a report on Thursday, January 30th. Finally, BMO Capital Markets increased their price objective on shares of Canadian National Railway from C$130.00 to C$135.00 in a research note on Wednesday, January 29th.

Shares of TSE CNR traded down C$0.03 during midday trading on Friday, reaching C$124.50. The company had a trading volume of 1,366,500 shares, compared to its average volume of 1,117,319. The business’s 50-day simple moving average is C$122.56 and its 200 day simple moving average is C$120.68. The stock has a market cap of $88.83 billion and a P/E ratio of 21.36. Canadian National Railway has a 1 year low of C$109.81 and a 1 year high of C$127.96. The company has a current ratio of 0.66, a quick ratio of 0.30 and a debt-to-equity ratio of 79.25.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be paid a $0.575 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.85%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.54. Canadian National Railway’s dividend payout ratio is presently 36.88%.

In other news, Senior Officer Donald K. Reardon sold 6,295 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of C$119.53, for a total value of C$752,424.48. Following the sale, the insider now owns 6,574 shares in the company, valued at C$785,772.60. Also, Senior Officer Sean Finn sold 8,000 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of C$125.46, for a total transaction of C$1,003,692.80. Following the completion of the sale, the insider now owns 14,981 shares in the company, valued at approximately C$1,879,540.23. Insiders sold 17,598 shares of company stock worth $2,151,784 in the last quarter.

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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