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

Shares of Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI have been given a consensus rating of "Moderate Buy" by the twenty-one ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, nine have given a buy recommendation and five have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$159.79.

A number of analysts have commented on the company. BMO Capital Markets decreased their price objective on Canadian National Railway from C$175.00 to C$168.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Royal Bank of Canada set a C$163.00 price objective on shares of Canadian National Railway and gave the company an "outperform" rating in a research note on Thursday, June 5th. Susquehanna upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Desjardins cut their price target on shares of Canadian National Railway from C$169.00 to C$160.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Barclays decreased their price objective on shares of Canadian National Railway from C$150.00 to C$145.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd.

Insider Activity at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder purchased 645 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was bought at an average cost of C$141.56 per share, for a total transaction of C$91,308.14. Also, Director Susan C. Jones acquired 1,461 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was acquired at an average price 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 Stock Performance

Shares of TSE:CNR traded up C$0.51 during trading on Thursday, reaching C$143.24. The stock had a trading volume of 999,298 shares, compared to its average volume of 1,375,600. 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 stock has a fifty day simple moving average of C$140.77 and a two-hundred day simple moving average of C$144.45. The firm has a market capitalization of C$89.74 billion, a price-to-earnings ratio of 15.49, a P/E/G ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 52 week low of C$130.02 and a 52 week high of C$169.49.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be given a $0.8875 dividend. This represents a $3.55 annualized dividend and a dividend yield of 2.48%. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.85. Canadian National Railway's payout ratio is 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%).