Canadian National Railway - CNR Stock Forecast, Price & News

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of 19,500 route miles of track spanning Canada and the United States. The company also provides vessels and docks, transloading and distribution, automotive logistics, and freight forwarding and transportation management services. Canadian National Railway Company was incorporated in 1919 and is headquartered in Montreal, Canada.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CNR shares. Atlantic Securities reiterated a "hold" rating and set a C$169.00 target price (down from C$173.00) on shares of Canadian National Railway in a report on Tuesday, June 28th. JPMorgan Chase & Co. upped their price target on Canadian National Railway from C$148.00 to C$150.00 in a report on Wednesday, July 27th. Morgan Stanley decreased their price objective on Canadian National Railway to C$154.00 and set an "equal weight" rating for the company in a research note on Friday, July 8th. CIBC upgraded shares of Canadian National Railway from a "neutral" rating to a "buy" rating and set a C$167.00 target price on the stock in a research note on Thursday, June 2nd. Finally, UBS Group reduced their target price on shares of Canadian National Railway from C$184.00 to C$175.00 and set an "outperform" rating on the stock in a report on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of C$153.18.

Canadian National Railway Stock Performance

TSE:CNR traded up C$0.15 on Monday, reaching C$164.48. The stock had a trading volume of 187,442 shares, compared to its average volume of 1,341,059. The company has a debt-to-equity ratio of 68.21, a quick ratio of 0.39 and a current ratio of 0.71. The stock has a market cap of C$112.41 billion and a P/E ratio of 22.69. The business's 50-day moving average price is C$147.64 and its 200 day moving average price is C$153.23. Canadian National Railway has a 12-month low of C$132.38 and a 12-month high of C$171.48.

Canadian National Railway (TSE:CNR - Get Rating) (NYSE:CNI) last released its quarterly earnings results on Tuesday, July 26th. The company reported C$1.93 EPS for the quarter, beating the consensus estimate of C$1.77 by C$0.16. The business had revenue of C$4.34 billion during the quarter, compared to analysts' expectations of C$4.12 billion. As a group, equities analysts expect that Canadian National Railway will post 7.8999999 earnings per share for the current year.

Canadian National Railway Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 8th will be paid a dividend of $0.7325 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $2.93 annualized dividend and a dividend yield of 1.78%. Canadian National Railway's dividend payout ratio (DPR) is 37.02%.

Insider Buying and Selling

In other Canadian National Railway news, Senior Officer Sean Finn sold 8,500 shares of the company's stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of C$159.29, for a total transaction of C$1,353,987.95. Following the completion of the sale, the insider now directly owns 22,148 shares of the company's stock, valued at approximately C$3,528,014.72. In other Canadian National Railway news, insider Iii Gates William Henry sold 169,430 shares of the company's stock in a transaction on Friday, May 13th. The shares were sold at an average price of C$143.88, for a total transaction of C$24,377,029.28. Following the completion of the transaction, the insider now owns 11,364,245 shares in the company, valued at approximately C$1,635,050,068.59. Also, Senior Officer Sean Finn sold 8,500 shares of Canadian National Railway stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of C$159.29, for a total transaction of C$1,353,987.95. Following the completion of the sale, the insider now directly owns 22,148 shares in the company, valued at approximately C$3,528,014.72. Insiders have sold a total of 425,829 shares of company stock valued at $61,571,363 over the last quarter.