Brokerages Set Canadian National Railway (TSE:CNR) PT at C$171.07

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI has received a consensus rating of "Moderate Buy" from the eighteen research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$171.07.

A number of brokerages have recently weighed in on CNR. TD Securities dropped their price target on Canadian National Railway from C$180.00 to C$175.00 and set a "hold" rating on the stock in a research report on Wednesday, October 23rd. National Bankshares cut their target price on Canadian National Railway from C$181.00 to C$178.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. Citigroup upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 12th. Raymond James cut their price objective on shares of Canadian National Railway from C$187.00 to C$180.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 11th. Finally, BMO Capital Markets decreased their target price on shares of Canadian National Railway from C$182.00 to C$178.00 and set an "outperform" rating for the company in a research report on Wednesday, September 11th.

Insider Transactions at Canadian National Railway

In other news, Director Tracy Robinson purchased 3,300 shares of the business's stock in a transaction dated Wednesday, November 20th. The stock was bought at an average cost of C$147.99 per share, with a total value of C$488,380.20. Also, Director Susan C. Jones purchased 1,230 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was purchased at an average cost of C$162.05 per share, with a total value of C$199,324.82. Insiders purchased 7,859 shares of company stock valued at $1,202,515 over the last three months. 2.64% of the stock is owned by corporate insiders.

Canadian National Railway Stock Up 1.9 %

Canadian National Railway stock traded up C$2.92 during midday trading on Friday, hitting C$155.44. The stock had a trading volume of 1,363,100 shares, compared to its average volume of 1,097,545. The business has a fifty day moving average price of C$155.96 and a 200 day moving average price of C$160.95. Canadian National Railway has a 12 month low of C$147.35 and a 12 month high of C$181.34. The stock has a market cap of C$97.85 billion, a P/E ratio of 18.46, a P/E/G ratio of 3.38 and a beta of 0.65. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be paid a $0.845 dividend. This represents a $3.38 annualized dividend and a yield of 2.17%. The ex-dividend date is Monday, December 9th. Canadian National Railway's dividend payout ratio is currently 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.