Canadian National Railway (CNR) Given Average Recommendation of “Buy” by Analysts

Canadian National Railway (TSE:CNR) (NYSE:CNI) has received a consensus recommendation of “Buy” from the ten research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$110.20.

A number of brokerages have recently weighed in on CNR. Royal Bank of Canada lowered their target price on Canadian National Railway from C$114.00 to C$113.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 25th. Scotiabank lowered their target price on Canadian National Railway from C$115.00 to C$113.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 25th. National Bank Financial raised their price objective on Canadian National Railway from C$105.00 to C$108.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 25th. BMO Capital Markets restated an “outperform” rating and set a C$111.00 price objective on shares of Canadian National Railway in a research note on Wednesday, October 25th. Finally, JPMorgan Chase & Co. lowered their price objective on Canadian National Railway from C$105.00 to C$104.00 in a research note on Wednesday, October 25th.

In other Canadian National Railway news, Director James E. O’connor purchased 2,515 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were bought at an average price of C$79.51 per share, for a total transaction of C$199,967.65. Also, insider Jean-Jacques Ruest sold 14,736 shares of Canadian National Railway stock in a transaction on Friday, December 15th. The shares were sold at an average price of C$103.87, for a total value of C$1,530,628.32.

Canadian National Railway (CNR) traded down C$1.56 on Tuesday, hitting C$95.28. The stock had a trading volume of 1,814,162 shares, compared to its average volume of 1,561,114. Canadian National Railway has a 52 week low of C$91.55 and a 52 week high of C$108.64. The firm has a market capitalization of $70,950.00, a PE ratio of 13.11 and a beta of 0.61.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its earnings results on Tuesday, January 23rd. The company reported C$1.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$1.23 by C($0.03). The firm had revenue of C$3.29 billion for the quarter, compared to the consensus estimate of C$3.29 billion. Canadian National Railway had a return on equity of 25.50% and a net margin of 29.74%.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 8th will be paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, March 7th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.41. Canadian National Railway’s dividend payout ratio (DPR) is 22.70%.

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About Canadian National Railway

Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

Analyst Recommendations for Canadian National Railway (TSE:CNR)

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