Brokerages Set Canadian National Railway (TSE:CNR) Price Target at C$182.71

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI has been given an average recommendation of "Hold" by the thirteen brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$182.71.

A number of analysts have issued reports on CNR shares. Desjardins raised their price target on Canadian National Railway from C$189.00 to C$195.00 and gave the stock a "buy" rating in a research note on Friday. TD Securities lifted their price objective on Canadian National Railway from C$180.00 to C$185.00 and gave the company a "hold" rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. lifted their price objective on Canadian National Railway from C$158.00 to C$164.00 and gave the company a "neutral" rating in a research note on Wednesday, January 24th. BMO Capital Markets lifted their price objective on Canadian National Railway from C$185.00 to C$195.00 in a research note on Monday, April 1st. Finally, Veritas Investment Research lowered Canadian National Railway from a "buy" rating to a "reduce" rating and set a C$168.00 price objective on the stock. in a research note on Wednesday, January 24th.

Insider Activity at Canadian National Railway

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder acquired 6,000 shares of the company's stock in a transaction on Thursday, February 1st. The shares were bought at an average cost of C$168.44 per share, for a total transaction of C$1,010,640.00. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder acquired 6,000 shares of the company's stock in a transaction on Thursday, February 1st. The shares were bought at an average cost of C$168.44 per share, for a total transaction of C$1,010,640.00. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of Canadian National Railway stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of C$131.26, for a total value of C$342,577.38. Company insiders own 1.67% of the company's stock.

Canadian National Railway Price Performance

Canadian National Railway stock traded down C$0.17 during midday trading on Friday, reaching C$176.95. 701,348 shares of the company were exchanged, compared to its average volume of 959,412. The company has a market capitalization of C$113.29 billion, a price-to-earnings ratio of 20.72, a P/E/G ratio of 2.06 and a beta of 0.66. The firm's 50-day simple moving average is C$175.67 and its 200-day simple moving average is C$164.00. Canadian National Railway has a 1 year low of C$143.13 and a 1 year high of C$181.34. The company has a debt-to-equity ratio of 93.89, a quick ratio of 0.58 and a current ratio of 0.61.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI last posted its quarterly earnings data on Tuesday, January 23rd. The company reported C$2.02 EPS for the quarter, topping analysts' consensus estimates of C$1.96 by C$0.06. Canadian National Railway had a return on equity of 27.11% and a net margin of 33.43%. The firm had revenue of C$4.47 billion during the quarter, compared to analysts' expectations of C$4.38 billion. On average, analysts anticipate that Canadian National Railway will post 8.0824553 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were issued a dividend of $0.845 per share. This is an increase from Canadian National Railway's previous quarterly dividend of $0.79. This represents a $3.38 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Wednesday, March 6th. Canadian National Railway's dividend payout ratio (DPR) is presently 39.58%.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.