Canadian National Railway Company (CNR) Stock Rating Reaffirmed by TD Securities
Canadian National Railway Company (TSE:CNR)‘s stock had its “hold” rating reiterated by research analysts at TD Securities in a research note issued to investors on Friday. They currently have a C$90.00 price objective on the stock. TD Securities’ price objective indicates a potential upside of 1.69% from the company’s previous close.
CNR has been the subject of several other research reports. BMO Capital Markets reissued an “outperform” rating and issued a C$90.00 price target on shares of Canadian National Railway Company in a report on Tuesday, July 26th. Barclays PLC lifted their target price on shares of Canadian National Railway Company from C$85.00 to C$89.00 in a research note on Monday, September 12th. JPMorgan Chase & Co. lifted their target price on shares of Canadian National Railway Company from C$87.00 to C$90.00 in a research note on Thursday. CIBC lowered their target price on shares of Canadian National Railway Company from C$86.00 to C$84.00 in a research note on Thursday, June 23rd. Finally, Raymond James Financial Inc. raised shares of Canadian National Railway Company from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from C$82.00 to C$92.00 in a research note on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$87.50.
Canadian National Railway Company (TSE:CNR) traded down 0.18% on Friday, reaching $88.34. 954,889 shares of the company traded hands. The stock has a market capitalization of $68.16 billion and a price-to-earnings ratio of 19.48. The stock has a 50 day moving average of $84.19 and a 200-day moving average of $80.31. Canadian National Railway Company has a 1-year low of $66.62 and a 1-year high of $88.91.
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The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were given a $0.375 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $1.50 dividend on an annualized basis and a yield of 1.69%.
About Canadian National Railway Company
Canadian National Railway Co 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. The Company’s freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.
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