Canadian National Railway (TSE:CNR) (NYSE:CNI) has been given a consensus rating of “Buy” by the twelve ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$118.42.

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. increased their target price on Canadian National Railway from C$116.00 to C$119.00 in a report on Wednesday, January 30th. BMO Capital Markets set a C$116.00 target price on Canadian National Railway and gave the company a “market perform” rating in a report on Thursday, January 31st. Raymond James reiterated an “outperform” rating and set a C$125.00 target price on shares of Canadian National Railway in a report on Wednesday, January 30th. Morgan Stanley lowered their target price on Canadian National Railway from C$117.00 to C$116.00 in a report on Thursday, April 4th. Finally, CIBC lowered their target price on Canadian National Railway from C$120.00 to C$118.00 in a report on Wednesday, January 2nd.

In related news, Senior Officer Donald K. Reardon sold 11,400 shares of Canadian National Railway stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$115.57, for a total value of C$1,317,500.55. Following the transaction, the insider now owns 12,869 shares in the company, valued at C$1,487,273.21. Also, Senior Officer Sean Finn sold 12,300 shares of Canadian National Railway stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of C$113.59, for a total value of C$1,397,166.84. Following the completion of the transaction, the insider now owns 20,835 shares in the company, valued at approximately C$2,366,664.32. Insiders have sold 47,767 shares of company stock worth $5,394,685 in the last 90 days.

Shares of CNR stock traded up C$0.75 during trading hours on Monday, reaching C$122.74. 904,587 shares of the company’s stock were exchanged, compared to its average volume of 1,183,606. The company has a market cap of $88.37 billion and a price-to-earnings ratio of 20.91. Canadian National Railway has a 1 year low of C$93.73 and a 1 year high of C$122.91. The company has a current ratio of 0.78, a quick ratio of 0.41 and a debt-to-equity ratio of 71.25.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Tuesday, January 29th. The company reported C$1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.47 by C$0.02. The business had revenue of C$3.81 billion for the quarter, compared to analysts’ expectations of C$3.77 billion. On average, equities analysts forecast that Canadian National Railway will post 6.29000038980284 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were issued a dividend of $0.5375 per share. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.15 annualized dividend and a dividend yield of 1.75%. Canadian National Railway’s dividend payout ratio (DPR) is 31.01%.

Canadian National Railway Company Profile

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

See Also: Cost of equity and a company’s balance sheet

Analyst Recommendations for Canadian National Railway (TSE:CNR)

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