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

Shares of Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI have earned an average rating of "Moderate Buy" from the twenty-one brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation, nine have given a buy recommendation and five have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$158.79.

A number of research analysts recently weighed in on the company. Royal Bank of Canada dropped their price target on Canadian National Railway from C$165.00 to C$163.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. ATB Capital dropped their price target on Canadian National Railway from C$159.00 to C$156.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. JPMorgan Chase & Co. dropped their price target on Canadian National Railway from C$170.00 to C$162.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. BMO Capital Markets dropped their price target on Canadian National Railway from C$175.00 to C$168.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Finally, CIBC dropped their price target on Canadian National Railway from C$157.00 to C$146.00 in a research note on Friday, May 2nd.

Insider Activity

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 645 shares of Canadian National Railway stock in a transaction dated Wednesday, March 26th. The stock was bought at an average cost of C$141.56 per share, with a total value of C$91,308.14. Also, Director Susan C. Jones bought 1,461 shares of Canadian National Railway stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average cost of C$136.62 per share, with a total value of C$199,600.80. 2.64% of the stock is currently owned by corporate insiders.

Canadian National Railway Trading Down 1.6%

Shares of TSE:CNR traded down C$2.36 during midday trading on Friday, reaching C$147.13. The company's stock had a trading volume of 1,122,162 shares, compared to its average volume of 1,327,530. The firm has a market capitalization of C$92.18 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 3.38 and a beta of 0.65. The company has a debt-to-equity ratio of 107.59, a quick ratio of 0.58 and a current ratio of 0.64. The firm has a 50 day moving average price of C$139.34 and a two-hundred day moving average price of C$145.35. Canadian National Railway has a fifty-two week low of C$130.02 and a fifty-two week high of C$175.13.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be issued a $0.8875 dividend. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.85. This represents a $3.55 annualized dividend and a dividend yield of 2.41%. Canadian National Railway's dividend payout ratio is currently 36.54%.

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%).