Canadian National Railway Company (TSE:CNR) (NYSE:CNI) had its price target hoisted by Raymond James Financial, Inc. from C$112.00 to C$115.00 in a research report sent to investors on Friday. The firm currently has an outperform rating on the stock.
Several other equities analysts also recently commented on CNR. Scotiabank cut their price target on shares of Canadian National Railway Company from C$105.00 to C$97.00 and set an outperform rating on the stock in a report on Friday, March 3rd. BMO Capital Markets upped their price target on shares of Canadian National Railway Company from C$100.00 to C$105.00 in a report on Wednesday, March 15th. National Bank Financial upped their price target on shares of Canadian National Railway Company from C$92.00 to C$94.00 in a report on Wednesday, March 22nd. Macquarie dropped their target price on shares of Canadian National Railway Company from C$100.00 to C$98.00 in a research note on Thursday, April 13th. Finally, Royal Bank Of Canada upped their target price on shares of Canadian National Railway Company from C$102.00 to C$110.00 and gave the stock an outperform rating in a research note on Tuesday, April 25th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Canadian National Railway Company has a consensus rating of Hold and a consensus target price of C$102.42.
Shares of Canadian National Railway Company (TSE CNR) opened at 106.02 on Friday. The stock’s 50 day moving average is $103.74 and its 200-day moving average is $96.74. Canadian National Railway Company has a 12-month low of $72.78 and a 12-month high of $108.64. The stock has a market capitalization of $80.16 billion and a price-to-earnings ratio of 21.93.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 9th will be paid a $0.4125 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $1.65 dividend on an annualized basis and a yield of 1.56%.
In other news, insider Sean Finn sold 12,885 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of C$106.07, for a total value of C$1,366,711.95. Also, Director Donald Carty purchased 5,000 shares of the stock in a transaction dated Friday, April 28th. The stock was acquired at an average cost of C$72.35 per share, with a total value of C$361,750.00. Insiders sold a total of 32,973 shares of company stock worth $3,391,286 over the last 90 days.
Canadian National Railway Company 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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