Canadian National Railway Company (CNR) Price Target Cut to C$110.00 by Analysts at CIBC

Canadian National Railway Company (TSE:CNR) (NYSE:CNI) had its price objective lowered by CIBC from C$111.00 to C$110.00 in a research report released on Tuesday.

Several other research firms also recently weighed in on CNR. Raymond James Financial, Inc. lifted their target price on Canadian National Railway from C$112.00 to C$115.00 and gave the company an outperform rating in a research report on Friday, June 16th. Royal Bank Of Canada reiterated an outperform rating and set a C$110.00 target price on shares of Canadian National Railway in a research report on Thursday, June 8th. Scotiabank lifted their target price on Canadian National Railway from C$110.00 to C$115.00 and gave the company an outperform rating in a research report on Thursday, June 15th. BMO Capital Markets reiterated an outperform rating and set a C$111.00 target price on shares of Canadian National Railway in a research report on Thursday, June 15th. Finally, National Bank Financial lowered their target price on Canadian National Railway from C$108.00 to C$105.00 in a research report on Wednesday, September 13th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of C$104.36.

Shares of Canadian National Railway (CNR) opened at 103.38 on Tuesday. The stock has a market cap of $77.64 billion and a PE ratio of 20.33. The company’s 50-day moving average price is $100.17 and its 200-day moving average price is $101.32. Canadian National Railway has a one year low of $82.85 and a one year high of $108.64.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its earnings results on Tuesday, July 25th. The company reported C$1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.31 by C$0.03. The company had revenue of C$3.33 billion for the quarter, compared to the consensus estimate of C$3.22 billion. Canadian National Railway had a return on equity of 27.63% and a net margin of 30.97%. Equities research analysts anticipate that Canadian National Railway will post $5.12 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were given a $0.4125 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.65 annualized dividend and a dividend yield of 1.60%.

In other Canadian National Railway news, insider Scott Daniels acquired 1,300 shares of the stock in a transaction dated Thursday, July 27th. The shares were acquired at an average cost of C$99.57 per share, for a total transaction of C$129,441.00. Also, Director Robert Pace acquired 4,900 shares of the stock in a transaction dated Wednesday, July 26th. The stock was acquired at an average price of C$99.20 per share, for a total transaction of C$486,080.00. Insiders sold 69,807 shares of company stock worth $6,388,760 over the last 90 days.

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.

Analyst Recommendations for Canadian National Railway (TSE:CNR)

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