Canadian National Railway (TSE:CNR) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Canadian National Railway has received a consensus recommendation of “Moderate Buy” from 19 ratings firms, with multiple upgrades and price target adjustments over recent months.
• The company announced a quarterly dividend of $0.8875 per share, representing a yield of 2.7% and a payout ratio of 36.54%.
• Insiders have recently purchased 9,747 shares of Canadian National Railway, indicating confidence in the company's stock performance.

Shares of Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI have been assigned a consensus recommendation of "Moderate Buy" from the nineteen ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, eight have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$155.79.

CNR has been the topic of a number of recent research reports. Desjardins decreased their price objective on Canadian National Railway from C$169.00 to C$160.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Susquehanna upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Citigroup lowered 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 report on Wednesday, July 23rd. TD Securities cut their price objective 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 report on Wednesday, July 23rd. Finally, Raymond James Financial upgraded shares of Canadian National Railway from a "hold" rating to a "moderate buy" rating and boosted their price objective for the stock from C$150.00 to C$162.00 in a research note on Thursday, July 17th.

Canadian National Railway Price Performance

Shares of CNR stock opened at C$131.59 on Tuesday. The company has a debt-to-equity ratio of 107.59, a current ratio of 0.64 and a quick ratio of 0.58. The company has a market capitalization of C$82.44 billion, a P/E ratio of 14.23, a P/E/G ratio of 3.38 and a beta of 0.65. The company's 50-day simple moving average is C$135.64 and its two-hundred day simple moving average is C$139.52. Canadian National Railway has a one year low of C$126.91 and a one year high of C$164.53.

Canadian National Railway Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Monday, September 8th will be given a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a yield of 2.7%. Canadian National Railway's dividend payout ratio is currently 36.54%.

Insider Activity at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder bought 7,600 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The shares were purchased at an average cost of C$131.40 per share, with a total value of C$998,624.04. Also, Director Susan C. Jones bought 1,520 shares of Canadian National Railway stock in a transaction that occurred on Thursday, July 24th. The stock was purchased at an average price of C$130.96 per share, with a total value of C$199,065.28. In the last three months, insiders have acquired 9,747 shares of company stock worth $1,285,138. 2.64% of the stock is owned by insiders.

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%).

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