Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have been given an average rating of “Buy” by the eleven analysts that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$125.55.
CNR has been the topic of a number of research reports. CIBC cut their price objective on Canadian National Railway from C$126.00 to C$122.00 in a report on Tuesday. Cormark raised their price objective on Canadian National Railway from C$99.00 to C$101.00 in a report on Wednesday, July 24th. Royal Bank of Canada raised their price objective on Canadian National Railway from C$128.00 to C$137.00 in a report on Friday, September 13th. UBS Group cut their price objective on Canadian National Railway from C$127.00 to C$126.00 in a report on Wednesday, July 24th. Finally, Desjardins raised their price objective on Canadian National Railway from C$128.00 to C$129.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th.
TSE CNR opened at C$114.78 on Monday. The business’s 50-day moving average price is C$119.14 and its 200 day moving average price is C$121.87. Canadian National Railway has a twelve month low of C$96.46 and a twelve month high of C$127.96. The company has a market capitalization of $82.42 billion and a PE ratio of 18.93. The company has a current ratio of 0.69, a quick ratio of 0.34 and a debt-to-equity ratio of 77.28.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 9th were issued a $0.5375 dividend. The ex-dividend date was Friday, September 6th. This represents a $2.15 dividend on an annualized basis and a dividend yield of 1.87%. Canadian National Railway’s dividend payout ratio (DPR) is 32.74%.
In related news, insider Cascade Investment, L.L.C. bought 143,188 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average cost of C$121.34 per share, for a total transaction of C$17,374,575.11. Following the acquisition, the insider now owns 100,592,796 shares in the company, valued at approximately C$12,206,030,459.44. Also, Senior Officer Sean Finn sold 13,587 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of C$122.30, for a total value of C$1,661,690.10. Following the sale, the insider now owns 15,554 shares in the company, valued at C$1,902,254.20. Over the last quarter, insiders have purchased 421,425 shares of company stock worth $51,736,266 and have sold 15,160 shares worth $1,853,813.
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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