Canadian National Railway Company Receives Average Recommendation of “Buy” from Analysts (TSE:CNR)
Shares of Canadian National Railway Company (TSE:CNR) have been given a consensus recommendation of “Buy” by the fourteen analysts that are presently covering the company, Stock Ratings News reports. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$83.04.
A number of analysts have recently weighed in on CNR shares. Analysts at Salman Partners raised their price target on shares of Canadian National Railway Company from C$72.00 to C$74.50 in a research note on Wednesday, July 23rd. They now have a “hold” rating on the stock. Separately, analysts at Desjardins raised their price target on shares of Canadian National Railway Company from C$73.00 to C$79.00 in a research note on Tuesday, July 22nd. They now have a “buy” rating on the stock. Finally, analysts at Eurobank EFG upgraded shares of Canadian National Railway Company from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 22nd. They now have a C$76.00 price target on the stock, up previously from C$63.00.
Shares of Canadian National Railway Company (TSE:CNR) opened at 72.65 on Wednesday. Canadian National Railway Company has a 1-year low of $49.01 and a 1-year high of $74.85. The stock’s 50-day moving average is $71.09 and its 200-day moving average is $64.89. The company has a market cap of $59.457 billion and a P/E ratio of 21.31.
Canadian National Railway Company (TSE:CNR) last released its earnings data on Tuesday, July 22nd. The company reported $1.03 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.00 by $0.03. On average, analysts predict that Canadian National Railway Company will post $3.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Tuesday, September 9th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.38%.
Canadian National Railway Company (TSE:CNR) is engaged in the rail and related transportation business.
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