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

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have received a consensus recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and three have issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$171.07.

Several research firms have recently commented on CNR. Veritas raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Barclays decreased their price target on shares of Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating for the company in a research report on Wednesday, September 25th. Desjardins cut their price objective on shares of Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. TD Securities decreased their target price on shares of Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada raised shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$169.00 to C$179.00 in a report on Thursday, October 10th.

Insiders Place Their Bets

In other news, Director Tracy Robinson acquired 3,300 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were bought at an average cost of C$147.99 per share, for a total transaction of C$488,380.20. Also, Director Susan C. Jones acquired 1,230 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were purchased at an average price of C$162.05 per share, with a total value of C$199,324.82. Over the last 90 days, insiders have acquired 7,859 shares of company stock worth $1,202,515. 2.64% of the stock is owned by corporate insiders.

Canadian National Railway Stock Performance

CNR stock opened at C$156.33 on Friday. Canadian National Railway has a 1-year low of C$147.35 and a 1-year high of C$181.34. The business has a 50-day moving average price of C$155.63 and a 200 day moving average price of C$160.70. The company has a market capitalization of C$98.41 billion, a P/E ratio of 18.57, a PEG ratio of 3.38 and a beta of 0.65. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58.

Canadian National Railway Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be given a dividend of $0.845 per share. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is presently 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.