Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have received a consensus rating of “Buy” from the ten brokerages that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$110.20.
CNR has been the subject of several research reports. CIBC boosted their price objective on shares of Canadian National Railway from C$110.00 to C$116.00 in a report on Thursday, January 4th. National Bank Financial boosted their price objective on shares of Canadian National Railway from C$105.00 to C$108.00 and gave the company a “sector perform” rating in a report on Wednesday, October 25th. TD Securities raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$110.00 to C$115.00 in a report on Thursday, November 30th. Desjardins decreased their price objective on shares of Canadian National Railway from C$116.00 to C$115.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Finally, Raymond James Financial decreased their price objective on shares of Canadian National Railway from C$115.00 to C$110.00 and set a “market perform” rating for the company in a report on Wednesday, January 24th.
In other Canadian National Railway news, insider Sean Finn sold 15,425 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of C$98.21, for a total transaction of C$1,514,889.25. Also, insider Jean-Jacques Ruest sold 14,736 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of C$103.87, for a total transaction of C$1,530,628.32.
Canadian National Railway (TSE:CNR) opened at C$95.97 on Tuesday. The stock has a market cap of $71,460.00, a P/E ratio of 13.20 and a beta of 0.61. Canadian National Railway has a 52 week low of C$91.55 and a 52 week high of C$108.64.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Tuesday, January 23rd. The company reported C$1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.23 by C($0.03). The firm had revenue of C$3.29 billion during the quarter, compared to the consensus estimate of C$3.29 billion. Canadian National Railway had a return on equity of 65.99% and a net margin of 79.48%.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 8th will be issued a dividend of $0.455 per share. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.41. This represents a $1.82 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Wednesday, March 7th. Canadian National Railway’s dividend payout ratio is currently 22.70%.
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Canadian National Railway Company Profile
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.
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