Canadian National Railway (TSE:CNR) Given Average Rating of “Moderate Buy” by Analysts

Canadian National Railway (TSE:CNR) (NYSE:CNI) has earned a consensus rating of “Moderate Buy” from the twenty-one analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, nine have issued a buy recommendation and five have assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$159.79.

Several equities analysts have issued reports on the company. Desjardins dropped their price target on Canadian National Railway from C$169.00 to C$160.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Scotiabank increased their target price on Canadian National Railway from C$160.00 to C$165.00 and gave the stock an “outperform” rating in a report on Friday, June 6th. Royal Bank of Canada set a C$163.00 target price on Canadian National Railway and gave the stock an “outperform” rating in a report on Thursday, June 5th. BMO Capital Markets cut their target price on Canadian National Railway from C$175.00 to C$168.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Finally, Raymond James cut Canadian National Railway from an “outperform” rating to a “market perform” rating and cut their target price for the stock from C$180.00 to C$150.00 in a report on Tuesday, April 22nd.

Insider Buying and Selling at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder bought 645 shares of the business’s stock in a transaction on Wednesday, March 26th. The stock was acquired at an average price of C$141.56 per share, for a total transaction of C$91,308.14. Also, Director Susan C. Jones bought 1,461 shares of the business’s stock in a transaction on Tuesday, May 6th. The stock was bought at an average price of C$136.62 per share, with a total value of C$199,600.80. Corporate insiders own 2.64% of the company’s stock.

Canadian National Railway Price Performance

Shares of CNR opened at C$142.24 on Thursday. Canadian National Railway has a 52-week low of C$130.02 and a 52-week high of C$169.49. The company has a debt-to-equity ratio of 107.59, a quick ratio of 0.58 and a current ratio of 0.64. The business’s 50 day moving average price is C$141.32 and its two-hundred day moving average price is C$144.00. The firm has a market cap of C$89.12 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 9th will be paid a $0.8875 dividend. This represents a $3.55 dividend on an annualized basis and a yield of 2.50%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.85. Canadian National Railway’s dividend payout ratio is 36.54%.

About Canadian National Railway

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%).