Canadian National Railway (TSE:CNR) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Canadian National Railway (TSE:CNR) has received a consensus rating of "Moderate Buy" from eighteen analysts, with a 1-year price target averaging C$151.36.
• Recent ratings adjustments include National Bankshares lowering its target from C$170.00 to C$150.00 and Raymond James upgrading from "hold" to "moderate buy" with a new target of C$162.00.
• Canadian National Railway recently declared a quarterly dividend of $0.8875 per share, with a yield of 2.6% and a dividend payout ratio of 47.79%.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI has earned a consensus rating of "Moderate Buy" from the eighteen analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$151.36.

Several research firms have recently issued reports on CNR. National Bankshares lowered Canadian National Railway from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from C$170.00 to C$150.00 in a research report on Wednesday, July 23rd. Royal Bank Of Canada cut their target price on Canadian National Railway from C$161.00 to C$157.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. ATB Capital lowered their price target on Canadian National Railway from C$155.00 to C$150.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. Barclays lowered their price target on Canadian National Railway from C$145.00 to C$135.00 in a research note 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 company from C$150.00 to C$162.00 in a report on Thursday, July 17th.

Insider Activity

In other news, Director Shauneen Elizabeth Bruder bought 7,600 shares of the stock in a transaction 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. Also, Director Susan C. Jones acquired 1,520 shares of Canadian National Railway stock in a transaction dated 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. 2.64% of the stock is owned by corporate insiders.

Canadian National Railway Trading Up 1.8%

CNR opened at C$134.58 on Wednesday. The firm has a 50 day simple moving average of C$131.00 and a 200 day simple moving average of C$136.70. 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 has a fifty-two week low of C$126.11 and a fifty-two week high of C$160.88. The company has a market cap of C$84.00 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 3.38 and a beta of 0.92.

Canadian National Railway Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 29th were paid a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, September 8th. Canadian National Railway's dividend payout ratio (DPR) is presently 47.79%.

Canadian National Railway Company Profile

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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