Shares of Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI have earned a consensus rating of "Moderate Buy" from the nineteen brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$155.79.
CNR has been the topic of several analyst reports. Scotiabank reduced their target price on Canadian National Railway from C$165.00 to C$153.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. TD Securities cut their target price on Canadian National Railway from C$168.00 to C$165.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. cut Canadian National Railway from an "outperform" rating to a "neutral" rating and increased their price target for the company from C$154.00 to C$163.00 in a research note on Wednesday, July 23rd. Evercore ISI lowered Canadian National Railway from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 23rd. Finally, Raymond James Financial raised Canadian National Railway from a "hold" rating to a "moderate buy" rating and increased their price target for the stock from C$150.00 to C$162.00 in a report on Thursday, July 17th.
Check Out Our Latest Stock Report on CNR
Insiders Place Their Bets
In related news, Director Shauneen Elizabeth Bruder acquired 7,600 shares of Canadian National Railway stock in a transaction that occurred on Thursday, July 24th. The stock was bought at an average price 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 the business's stock in a transaction that occurred on Thursday, July 24th. The stock was purchased at an average cost of C$130.96 per share, for a total transaction of C$199,065.28. Insiders have bought a total of 9,747 shares of company stock worth $1,285,138 in the last ninety days. Insiders own 2.64% of the company's stock.
Canadian National Railway Price Performance
Canadian National Railway stock traded up C$0.90 during trading hours on Friday, hitting C$128.08. 229,469 shares of the company traded hands, compared to its average volume of 1,498,080. Canadian National Railway has a 1-year low of C$126.11 and a 1-year high of C$160.88. The firm has a market cap of C$79.95 billion, a P/E ratio of 17.67, a P/E/G ratio of 3.38 and a beta of 0.93. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. The firm's 50-day simple moving average is C$131.39 and its two-hundred day simple moving average is C$137.59.
Canadian National Railway Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 29th will be given a dividend of $0.8875 per share. The ex-dividend date is Monday, September 8th. This represents a $3.55 annualized dividend and a yield of 2.8%. Canadian National Railway's dividend payout ratio (DPR) is presently 47.79%.
Canadian National Railway Company Profile
(
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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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