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

Canadian National Railway (TSE:CNR) (NYSE:CNI) has been given an average recommendation of “Moderate Buy” by the eighteen research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$151.36.

CNR has been the topic of several analyst reports. Citigroup dropped their price target on shares of Canadian National Railway from C$123.00 to C$121.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. CIBC dropped their price target on shares of Canadian National Railway from C$148.00 to C$140.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 23rd. Desjardins dropped their price target on shares of Canadian National Railway from C$155.00 to C$151.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. TD Securities dropped their price target on shares of Canadian National Railway from C$168.00 to C$165.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Finally, Barclays dropped their price target on shares of Canadian National Railway from C$145.00 to C$135.00 in a research note on Wednesday, July 23rd.

Canadian National Railway Price Performance

CNR opened at C$133.20 on Wednesday. The firm has a market cap of C$83.14 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 3.38 and a beta of 0.92. Canadian National Railway has a fifty-two week low of C$126.11 and a fifty-two week high of C$159.05. The company’s 50-day moving average price is C$131.58 and its 200 day moving average price is C$136.49. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59.

Canadian National Railway Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 29th were paid a $0.8875 dividend. The ex-dividend date was Monday, September 8th. This represents a $3.55 annualized dividend and a dividend yield of 2.7%. Canadian National Railway’s dividend payout ratio (DPR) is presently 47.79%.

Insider Activity at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder acquired 7,600 shares of the firm’s stock in a transaction dated Thursday, July 24th. The stock was acquired at an average cost of C$131.40 per share, for a total transaction of C$998,624.04. Also, Director Susan C. Jones acquired 1,520 shares of the firm’s stock in a transaction dated Thursday, July 24th. The stock was bought at an average price of C$130.96 per share, with a total value of C$199,065.28. 2.64% of the stock is currently owned by company 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%).