Canadian National Railway (TSE:CNR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have received a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the company, MarketBeat.com reports. One equities 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 12 month target price among analysts that have covered the stock in the last year is C$184.00.

A number of equities analysts recently issued reports on the stock. Raymond James upped their price target on shares of Canadian National Railway from C$185.00 to C$190.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Royal Bank of Canada upped their price target on shares of Canadian National Railway from C$171.00 to C$172.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 24th. Scotiabank upped their price target on shares of Canadian National Railway from C$173.00 to C$184.00 and gave the stock a “sector perform” rating in a research note on Monday, March 25th. National Bankshares upped their price target on shares of Canadian National Railway from C$172.00 to C$190.00 in a research note on Thursday, April 4th. Finally, Barclays upped their price target on shares of Canadian National Railway from C$170.00 to C$175.00 in a research note on Thursday, April 4th.

Canadian National Railway Stock Up 0.6 %

TSE:CNR opened at C$161.99 on Thursday. The firm’s 50-day moving average price is C$170.30 and its 200-day moving average price is C$171.13. The company has a market capitalization of C$103.06 billion, a PE ratio of 19.75, a P/E/G ratio of 2.06 and a beta of 0.66. The company has a debt-to-equity ratio of 101.48, a current ratio of 0.60 and a quick ratio of 0.58. Canadian National Railway has a 1-year low of C$143.13 and a 1-year high of C$181.34.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its earnings results on Tuesday, April 23rd. The company reported C$1.72 earnings per share for the quarter, hitting analysts’ consensus estimates of C$1.72. The firm had revenue of C$4.25 billion for the quarter, compared to the consensus estimate of C$4.29 billion. Canadian National Railway had a net margin of 32.86% and a return on equity of 27.06%. On average, equities analysts predict that Canadian National Railway will post 7.7897884 EPS for the current fiscal year.

Canadian National Railway Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $0.845 dividend. This represents a $3.38 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Friday, June 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 41.22%.

Insider Transactions at Canadian National Railway

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder acquired 544 shares of the stock in a transaction dated Tuesday, June 25th. The shares were purchased at an average price of C$160.21 per share, for a total transaction of C$87,156.42. Company insiders own 1.69% 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.