Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$143.33 and traded as high as C$143.34. Canadian National Railway shares last traded at C$141.65, with a volume of 1,410,643 shares.
Analyst Ratings Changes
A number of brokerages have weighed in on CNR. JPMorgan Chase & Co. decreased their target price on shares of Canadian National Railway from C$170.00 to C$162.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Scotiabank upped their price target on Canadian National Railway from C$160.00 to C$165.00 and gave the stock an “outperform” rating in a research note on Friday, June 6th. UBS Group raised their price objective on Canadian National Railway from C$172.00 to C$174.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Susquehanna upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 6th. Finally, National Bankshares dropped their target price on Canadian National Railway from C$176.00 to C$170.00 and set an “outperform” rating on the stock in a report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$159.79.
Get Our Latest Stock Analysis on CNR
Canadian National Railway Stock Down 0.1%
Canadian National Railway Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be paid a $0.8875 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.85. This represents a $3.55 dividend on an annualized basis and a dividend yield of 2.51%. Canadian National Railway’s payout ratio is currently 36.54%.
Insiders Place Their Bets
In other news, Director Shauneen Elizabeth Bruder bought 627 shares of the stock in a transaction on Wednesday, June 25th. The shares were bought at an average price of C$139.47 per share, with a total value of C$87,448.44. Also, Director Susan C. Jones bought 1,461 shares of the company’s stock in a transaction on Tuesday, May 6th. The stock was purchased at an average cost of C$136.62 per share, for a total transaction of C$199,600.80. 2.64% of the stock is currently owned by insiders.
Canadian National Railway Company Profile
Canadian National’s railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2019, CN delivered almost 6 million carloads over its 19,600 miles of track. CN generated roughly CAD 14 billion in total revenue by hauling intermodal containers (25% of consolidated revenue), petroleum and chemicals (21%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (6%), and coal (4%).
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