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

Key Points

• The consensus rating for Canadian National Railway (TSE:CNR) is a "Moderate Buy", based on evaluations from nineteen brokerages, with an average 12-month price target of C$155.79.
• Recent insider transactions included Director Shauneen Elizabeth Bruder purchasing 7,600 shares at an average cost of C$131.40 per share, while insiders have acquired a total of 11,208 shares valued at $1.48 million over the past ninety days.
• Canadian National Railway announced a quarterly dividend of $0.8875 per share, yielding 2.7%, with an upcoming payment date of September 9th for investors of record on September 8th.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI has been given an average rating of "Moderate Buy" by the nineteen research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$155.79.

Several analysts have issued reports on CNR shares. JPMorgan Chase & Co. cut Canadian National Railway from an "outperform" rating to a "neutral" rating and increased their target price for the company from C$154.00 to C$163.00 in a research report on Wednesday, July 23rd. Evercore ISI cut Canadian National Railway from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada decreased their price objective on Canadian National Railway from C$161.00 to C$157.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. ATB Capital decreased their price objective on Canadian National Railway from C$155.00 to C$150.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. Finally, CIBC increased their price objective on Canadian National Railway from C$146.00 to C$155.00 in a report on Thursday, May 22nd.

Canadian National Railway Trading Down 1.0%

Shares of CNR traded down C$1.34 during mid-day trading on Friday, reaching C$128.04. 1,313,077 shares of the company's stock traded hands, compared to its average volume of 1,354,020. The stock has a market cap of C$80.22 billion, a P/E ratio of 13.84, a P/E/G ratio of 3.38 and a beta of 0.65. The stock's 50-day moving average is C$140.34 and its two-hundred day moving average is C$141.76. Canadian National Railway has a 12 month low of C$127.60 and a 12 month high of C$164.53. The company has a debt-to-equity ratio of 107.59, a current ratio of 0.64 and a quick ratio of 0.58.

Canadian National Railway Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Monday, September 8th will be issued a $0.8875 dividend. This represents a $3.55 dividend on an annualized basis and a yield of 2.8%. Canadian National Railway's payout ratio is 36.54%.

Insider Transactions at Canadian National Railway

In related news, Director Susan C. Jones purchased 1,520 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were purchased at an average cost of C$130.96 per share, with a total value of C$199,065.28. Also, Director Shauneen Elizabeth Bruder acquired 7,600 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was purchased at an average price of C$131.40 per share, for a total transaction of C$998,624.04. Insiders purchased a total of 11,208 shares of company stock valued at $1,484,739 in the last ninety days. 2.64% of the stock is currently 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%).