Canadian National Railway (TSE:CNR) Receives C$171.07 Consensus Price Target from Brokerages

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI has earned a consensus rating of "Moderate Buy" from the nineteen research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and four have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$170.73.

A number of equities research analysts have recently commented on CNR shares. ATB Capital lifted their price target on shares of Canadian National Railway from C$167.00 to C$168.00 in a report on Wednesday, October 23rd. JPMorgan Chase & Co. reiterated an "outperform" rating on shares of Canadian National Railway in a report on Tuesday, January 7th. Wells Fargo & Company upgraded Canadian National Railway from an "equal weight" rating to an "overweight" rating in a report on Monday, October 7th. Royal Bank of Canada upgraded Canadian National Railway from a "sector perform" rating to an "outperform" rating and upped their target price for the company from C$169.00 to C$179.00 in a research note on Thursday, October 10th. Finally, UBS Group raised their price target on Canadian National Railway from C$189.00 to C$190.00 in a research note on Thursday, October 24th.

Canadian National Railway Price Performance

Shares of TSE:CNR traded up C$0.17 on Monday, hitting C$144.32. The company had a trading volume of 910,190 shares, compared to its average volume of 1,037,649. The company has a market cap of C$90.85 billion, a PE ratio of 17.14, a PEG ratio of 3.38 and a beta of 0.65. The business has a 50 day moving average of C$150.69 and a 200 day moving average of C$155.69. Canadian National Railway has a 52-week low of C$143.18 and a 52-week high of C$181.34. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62.

Canadian National Railway Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were given a $0.845 dividend. This represents a $3.38 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Monday, December 9th. Canadian National Railway's dividend payout ratio (DPR) is currently 40.14%.

Insider Buying and Selling

In related news, Director Josephine Ann Marie Depass Olsovsky purchased 1,786 shares of the stock in a transaction on Wednesday, November 6th. The shares were bought at an average price of C$154.93 per share, for a total transaction of C$276,697.30. Also, Senior Officer Ghislain Houle sold 5,741 shares of Canadian National Railway stock in a transaction on Friday, November 1st. The stock was sold at an average price of C$150.82, for a total transaction of C$865,844.99. In the last 90 days, insiders bought 6,694 shares of company stock valued at $1,005,958. Company 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.