According to Bloomberg, each of the twenty rating agencies that evaluate Canadian National Railway (TSE: CNR) (NYSE: CNI) has determined that the best course of action for the company as a whole is to maintain its current share price and recommends “Hold.” Research analysts have given ten recommendations regarding the company: two recommendations to sell the stock, nine recommendations to maintain the current position, and one recommendation to purchase. Most brokerages covering the company in the preceding year have set a price target for the company of 159.08 Canadian dollars as their average price target for the next year.
CNR has been the focus of several research studies subsequently published. BMO Capital Markets stated in a research note published on Friday, December 2, that they would be increasing their price objective on Canadian National Railway stock from C$180.00 to C$185.00. This move was announced in conjunction with the release of the note. In a report disseminated on Wednesday, October 26, UBS Group revealed that they had increased their price objective on Canadian National Railway stock from C$175.00 to C$184.00. This change was made in response to recent market activity. The target price for Canadian National Railway was reduced from 182.00 Canadian Dollars to 180.00 in a research note made public by CIBC on Wednesday. In addition, a “neutral” rating was bestowed upon the company. The price objective that Scotiabank has set for Canadian National Railway shares has increased from C$156.00 to C$159.00, as announced in a research note published on Wednesday, October 26. Susquehanna Bancshares reaffirmed a “hold” rating on shares of Canadian National Railway in a report dated Wednesday, September 28, and positioned them with a price objective of C$149.50. The date of the report was September 28, 2013.
On Tuesday, November 22, Senior Vice President Donald K. Reardon completed the sale of 9,280 shares of Canadian National Railway stock. This is another development relating to this topic that took place. The sale of the shares resulted in a total of $1,561,341.33 in Canadian currency being acquired, with the average price at which each share could be purchased being C$168.25. Following the completion of the transaction, the corporate insider will have a total holding in the company consisting of 20,531 shares, which will have a value of approximately $3,454,299,44 at present.
Thursday was the first day the TSE CNR was traded, and the opening price was 165.85 Canadian dollars. The lowest price that Canadian National Railway has been at in the past year is 137.26 Canadian dollars, and the highest price the company has been at in the past year is 175.39 Canadian dollars. The company’s price-to-earnings ratio is 22.78, and its market capitalization is $112.43 billion at the moment. A debt-to-equity ratio of 71.59, a quick ratio of 0.58, and a current ratio of 1.01 are presented here. The simple moving average for the past 200 days of the company’s stock price is 159.36 Canadian dollars, while the simple moving average for the past fifty days is 166.19 Canadian dollars.
The financial results of the most recent quarter for Canadian National Railway (TSE: CNR) (NYSE: CNI) were made public on October 25, a Tuesday. During the period in question, the company reported earnings of C$2.13 per share, which was C$0.11 more than the consensus forecast of C$2.02 per share among financial analysts. The revenue for the quarter came in at C$4.51 billion, which was significantly higher than the C$4.34 billion that analysts had anticipated for the quarter’s revenue. Sell-side analysts have predicted that Canadian National Railway will bring in a profit of $8.069997 per share during the current fiscal year. This is according to the estimates provided by the sell-side analysts.
A quarterly dividend was just recently declared and distributed by the company, and it was distributed on December 29. In addition, the company just recently announced and distributed a dividend. On December 8, a $0.733 dividend payment per share was made to shareholders who were “recorded” as having company shares. This payment was made to shareholders who were “recorded” as having shared. As of the seventh dividend, which was paid out on December 29, it was considered that this dividend had been paid out in its entirety. On December 8, a $0.733 dividend payment per share was made to shareholders who were “recorded” as having company shares. This payment was made to shareholders who were “recorded” as having shared. As of December 7, it was considered that this dividend had been paid out in its entirety. An increase can be attributed to the Canadian National Railway’s most recent quarterly dividend was $0.73, as this results in a higher total amount. This equates to an annual dividend payment of $2.93 and a dividend yield of 1.77% for the investment. The payout percentage for Canadian National Railway is currently sitting at 38.63%.
The Canadian National Railway Company and the other companies it owns and operates as subsidiaries provide services to the rail industry and other transportation industries related to rail. The company supplies exporters, importers, retailers, farmers, and manufacturers. Its product portfolio includes petroleum, chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal transportation, and automotive goods. These are just some of the things included in the company’s product portfolio. Other things that are included are intermodal and automotive goods.