Brokerages Set Canadian National Railway (TSE:CNR) PT at C$150.90

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have been assigned an average recommendation of “Hold” from the twenty-two research firms that are currently covering the stock, Marketbeat reports. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$150.27.

A number of brokerages recently issued reports on CNR. National Bank Financial increased their price objective on Canadian National Railway to C$170.00 and gave the stock a “na” rating in a report on Thursday, December 16th. BMO Capital Markets raised their price target on Canadian National Railway from C$160.00 to C$170.00 in a report on Tuesday, October 26th. CIBC upped their price objective on shares of Canadian National Railway from C$170.00 to C$173.00 in a report on Friday, December 17th. Morgan Stanley began coverage on shares of Canadian National Railway in a research report on Thursday, December 2nd. They issued a “hold” rating and a C$149.00 target price for the company. Finally, The Goldman Sachs Group initiated coverage on shares of Canadian National Railway in a research report on Thursday, September 23rd. They set a “hold” rating and a C$121.00 price target on the stock.

In other Canadian National Railway news, Senior Officer Ghislain Houle sold 5,485 shares of the company’s stock in a transaction dated Monday, November 15th. The shares were sold at an average price of C$161.43, for a total transaction of C$885,428.19. Following the completion of the sale, the insider now directly owns 111,147 shares of the company’s stock, valued at C$17,942,149.

Shares of CNR traded up C$0.71 during midday trading on Friday, hitting C$153.98. 752,254 shares of the stock traded hands, compared to its average volume of 841,712. The business’s 50 day moving average price is C$160.52 and its two-hundred day moving average price is C$148.07. The firm has a market capitalization of C$108.76 billion and a PE ratio of 23.20. The company has a debt-to-equity ratio of 64.57, a quick ratio of 0.96 and a current ratio of 1.39. Canadian National Railway has a 1-year low of C$125.00 and a 1-year high of C$168.66.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its earnings results on Tuesday, October 19th. The company reported C$1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.41 by C$0.11. The firm had revenue of C$3.59 billion for the quarter, compared to analyst estimates of C$3.48 billion. As a group, equities research analysts forecast that Canadian National Railway will post 6.8299999 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 30th. Stockholders of record on Thursday, December 9th were given a dividend of $0.615 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Wednesday, December 8th. Canadian National Railway’s dividend payout ratio (DPR) is presently 36.51%.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. Its portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

Featured Article: What moving averages are used to define a golden cross?

Analyst Recommendations for Canadian National Railway (TSE:CNR)

Receive News & Ratings for Canadian National Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway and related companies with MarketBeat.com's FREE daily email newsletter.