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

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have been assigned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$171.07.

Several research firms have recently commented on CNR. Wells Fargo & Company raised Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 7th. Scotiabank reduced their target price on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. Desjardins lowered their price target on shares of Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada raised shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$169.00 to C$179.00 in a research report on Thursday, October 10th. Finally, CIBC decreased their target price on shares of Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th.

Insider Buying and Selling

In other Canadian National Railway news, Director David Lund Freeman acquired 1,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were acquired at an average cost of C$152.57 per share, with a total value of C$152,572.80. In related news, Director David Lund Freeman acquired 1,000 shares of Canadian National Railway stock in a transaction on Thursday, October 24th. The stock was acquired at an average price of C$152.57 per share, for a total transaction of C$152,572.80. Also, Director Shauneen Elizabeth Bruder bought 543 shares of the stock in a transaction dated Wednesday, September 25th. The stock was bought at an average price of C$157.53 per share, for a total transaction of C$85,539.88. Insiders bought 2,773 shares of company stock valued at $437,437 over the last quarter. 2.64% of the stock is currently owned by company insiders.

Canadian National Railway Stock Performance

Shares of CNR stock opened at C$150.98 on Wednesday. The firm has a market cap of C$95.04 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 52-week low of C$148.10 and a 52-week high of C$181.34. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62. The company’s 50 day moving average is C$157.24 and its 200 day moving average is C$163.04.

Canadian National Railway Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a $0.845 dividend. This represents a $3.38 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s payout ratio is 40.14%.

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.