Canadian National Railway (CNR) Receives Average Recommendation of “Buy” from Brokerages

Canadian National Railway (TSE:CNR) (NYSE:CNI) has earned a consensus recommendation of “Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$109.67.

A number of equities research analysts recently weighed in on CNR shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$110.00 price target on shares of Canadian National Railway in a report on Friday, September 8th. Scotiabank reaffirmed an “outperform” rating and set a C$115.00 price target on shares of Canadian National Railway in a report on Monday, September 11th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$111.00 price target on shares of Canadian National Railway in a report on Monday, September 11th. National Bank Financial dropped their price target on Canadian National Railway from C$108.00 to C$105.00 in a report on Wednesday, September 13th. Finally, CIBC dropped their price target on Canadian National Railway from C$111.00 to C$110.00 in a report on Tuesday, September 26th.

In other Canadian National Railway news, insider Jean-Jacques Ruest sold 31,464 shares of the stock in a transaction on Friday, September 22nd. The stock was sold at an average price of C$81.99, for a total value of C$2,579,733.36. Also, insider Sean Finn sold 11,168 shares of the stock in a transaction on Monday, September 25th. The shares were sold at an average price of C$100.75, for a total value of C$1,125,176.00. Insiders sold a total of 54,132 shares of company stock worth $4,844,904 over the last quarter.

Canadian National Railway (TSE:CNR) traded up C$2.51 during mid-day trading on Thursday, reaching C$100.71. The company had a trading volume of 2,555,233 shares, compared to its average volume of 1,180,810. Canadian National Railway has a 12-month low of C$87.82 and a 12-month high of C$108.64.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be given a $0.4125 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.65 dividend on an annualized basis and a yield of 1.64%. Canadian National Railway’s payout ratio is 31.56%.

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About Canadian National Railway

Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

Analyst Recommendations for Canadian National Railway (TSE:CNR)

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