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

Canadian National Railway (TSE:CNR) (NYSE:CNI) has been assigned an average rating of “Buy” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$110.89.

Several equities research analysts have commented on the stock. Royal Bank of Canada dropped their price target on shares of Canadian National Railway from C$114.00 to C$113.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 25th. Scotiabank dropped their price target on shares of Canadian National Railway from C$115.00 to C$113.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 25th. National Bank Financial raised their price target on shares of Canadian National Railway from C$105.00 to C$108.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 25th. BMO Capital Markets restated an “outperform” rating and issued a C$111.00 price target on shares of Canadian National Railway in a research note on Wednesday, October 25th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Canadian National Railway from C$105.00 to C$104.00 in a research note on Wednesday, October 25th.

Canadian National Railway (CNR) traded up C$1.01 on Friday, reaching C$101.00. 1,848,384 shares of the company traded hands, compared to its average volume of 1,250,000. The firm has a market capitalization of $75,300.00, a price-to-earnings ratio of 19.77 and a beta of 0.72. Canadian National Railway has a 52-week low of C$89.29 and a 52-week high of C$108.64.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings data on Tuesday, October 24th. The company reported C$1.31 earnings per share for the quarter, missing the consensus estimate of C$1.33 by C($0.02). Canadian National Railway had a return on equity of 25.50% and a net margin of 29.74%.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 8th were issued a $0.4125 dividend. This represents a $1.65 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Thursday, December 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 31.56%.

In other news, insider Jean-Jacques Ruest sold 14,736 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of C$103.87, for a total value of C$1,530,628.32.

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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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