Canadian National Railway (CNR) Receives Consensus Recommendation of “Hold” from Brokerages

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Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have been assigned a consensus recommendation of “Hold” from the ten analysts that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$126.78.

A number of equities analysts recently issued reports on CNR shares. Raymond James reiterated an “outperform” rating and issued a C$125.00 price target on shares of Canadian National Railway in a research note on Wednesday, January 30th. TD Securities upped their price target on shares of Canadian National Railway from C$125.00 to C$130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 30th. JPMorgan Chase & Co. upped their price target on shares of Canadian National Railway from C$116.00 to C$119.00 in a research note on Wednesday, January 30th. CIBC upped their price target on shares of Canadian National Railway from C$118.00 to C$119.00 in a research note on Wednesday, January 30th. Finally, BMO Capital Markets set a C$116.00 price target on shares of Canadian National Railway and gave the stock a “market perform” rating in a research note on Thursday, January 31st.

Canadian National Railway stock traded down C$1.03 during mid-day trading on Friday, reaching C$126.35. The stock had a trading volume of 837,715 shares, compared to its average volume of 1,146,586. The stock has a market cap of $91.15 billion and a price-to-earnings ratio of 21.20. Canadian National Railway has a one year low of C$96.46 and a one year high of C$127.96. The company has a debt-to-equity ratio of 79.87, a current ratio of 0.75 and a quick ratio of 0.40.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a $0.538 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, June 6th. This represents a $2.15 dividend on an annualized basis and a yield of 1.70%. Canadian National Railway’s payout ratio is presently 31.92%.

In other Canadian National Railway news, Senior Officer Janet Drysdale sold 430 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of C$124.65, for a total transaction of C$53,599.80. Following the transaction, the insider now owns 14,551 shares in the company, valued at approximately C$1,813,792.34. Also, Senior Officer Kimberley A. Madigan sold 5,041 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of C$113.94, for a total transaction of C$574,392.29. Following the transaction, the insider now owns 4,164 shares in the company, valued at approximately C$474,463.30. Insiders have sold a total of 35,021 shares of company stock worth $4,041,543 in the last 90 days.

About Canadian National Railway

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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Analyst Recommendations for Canadian National Railway (TSE:CNR)

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