The shares of Canadian National Railway (TSE: CNR) (NYSE: CNI) have an average rating of “Hold” by the twelve rating companies that currently cover the company. Four analysts have rated the share with a hold recommendation and three have given the company a buy recommendation. The average 12-month target price among analysts who released a report on the stock last year is $ 147.09.
Several equity analysts recently made comments on CNR stocks. On Wednesday, January 27th, Raymond James revised an “Outperform” rating in a research note and set a price target of CAD 160.00 for shares of the Canadian National Railway. Sanford C. Bernstein lowered its target price for the Canadian National Railway on Wednesday, January 27, in a research note from C $ 168.00 to C $ 156.00. The Royal Bank of Canada lowered its target price for the Canadian National Railway from C $ 155.00 to C $ 139.00 and issued a research note on Wednesday, January 27, setting a rating for the company’s sector performance. National Bank Financial lowered its target price for the Canadian National Railway from C $ 141.00 to C $ 137.00 and issued a research note on Wednesday, Jan. 27, rating the company’s sector performance. Finally, JPMorgan Chase & Co. lowered its target price for the Canadian National Railway from C $ 145.00 to C $ 138.00 in a research note on Friday.
TSE CNR was trading at $ 0.34 on Friday to hit $ 146.34. The share had a trading volume of 515,530 shares compared to an average volume of 1,341,282 shares. The company has a leverage ratio of 67.80, a fast rate of 0.52, and a current rate of 0.95. The Canadian National Railway has a 12-month low of $ 106.51 and a 12-month high of $ 149.18. The company’s 50-day moving average price is $ 143.36 and the 200-day moving average price is $ 140.89. The stock has a market capitalization of $ 104.00 billion and a P / E ratio of 29.28.
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The Canadian National Railway (TSE: CNR) (NYSE: CNI) last released its quarterly earnings data on Tuesday, January 26th. The company reported earnings of $ 1.43 per share for the quarter, beating Zacks’ consensus estimate of $ 1.40 by $ 0.03. The company posted revenue of $ 3.66 billion for the quarter, compared to analyst expectations of $ 3.62 billion. On average, sell-side analysts predict that Canadian National Railway will achieve earnings per share of 6.2915347 this year.
The company recently announced a quarterly dividend, which was paid on Wednesday, March 31st. On Wednesday March 10th, shareholders of record received a dividend of $ 0.615. This is an increase over the Canadian National Railway’s previous quarterly dividend of $ 0.58. The ex-dividend day was Tuesday, March 9th. This equates to an annualized dividend of $ 2.46 and a yield of 1.68%. The Canadian National Railway’s payout ratio is currently 46.00%.
In other Canadian National Railway news, Insider Iii Gates sold William Henry 95,600 shares in a transaction on Monday, Jan. 11. The stock was sold at an average price of $ 147.22 for a total value of $ 14,074,413.64. Following the sale, the Insider now holds 15,535,902 shares in the company valued at $ 2,287,225,010.65. In addition, Senior Officer Sean Finn sold 5,000 shares in the company in a transaction on Friday, January 29. The shares were sold at an average price of $ 129.42 for a total value of $ 647,080. Upon completion of the sale, the Insider now directly holds 15,613 shares in the company valued at approximately $ 2,020,572.01. Insiders sold 748,934 shares in the company last quarter, valued at $ 107,008,231.
Profile of the Canadian National Railway Company
The Canadian National Railway Company, together with its subsidiaries, operates in the rail and related transportation business. The product portfolio includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal products and automotive products for exporters, importers, retailers, farmers and manufacturers.
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