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

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI has been assigned a consensus recommendation of "Moderate Buy" from the twenty-one ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and five have issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$159.43.

CNR has been the subject of a number of research analyst reports. Scotiabank decreased their price target on Canadian National Railway from C$166.00 to C$160.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Raymond James lowered Canadian National Railway from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from C$180.00 to C$150.00 in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their price target on Canadian National Railway from C$170.00 to C$162.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. National Bankshares decreased their price target on Canadian National Railway from C$176.00 to C$170.00 and set an "outperform" rating for the company in a research note on Thursday, April 3rd. Finally, BMO Capital Markets decreased their target price on Canadian National Railway from C$175.00 to C$168.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd.

Canadian National Railway Trading Down 2.1%

Shares of CNR stock traded down C$3.08 on Friday, reaching C$144.21. 1,308,654 shares of the company's stock were exchanged, compared to its average volume of 1,327,184. Canadian National Railway has a 52 week low of C$130.02 and a 52 week high of C$174.93. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 107.59. The stock has a market capitalization of C$90.35 billion, a PE ratio of 15.59, a P/E/G ratio of 3.38 and a beta of 0.65. The company's fifty day simple moving average is C$139.71 and its 200 day simple moving average is C$145.29.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be given a dividend of $0.8875 per share. This is an increase from Canadian National Railway's previous quarterly dividend of $0.85. This represents a $3.55 annualized dividend and a dividend yield of 2.46%. Canadian National Railway's payout ratio is currently 36.54%.

Insider Buying and Selling

In other Canadian National Railway news, Director Susan C. Jones purchased 1,461 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was bought at an average cost of C$136.62 per share, for a total transaction of C$199,600.80. Also, Director Shauneen Elizabeth Bruder purchased 645 shares of the business's stock in a transaction on Wednesday, March 26th. The stock was acquired at an average price of C$141.56 per share, with a total value of C$91,308.14. Insiders own 2.64% of the company's stock.

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%).