TD Securities Reaffirms “Hold” Rating for Canadian National Railway Company (CNR)
Canadian National Railway Company (TSE:CNR)‘s stock had its “hold” rating restated by stock analysts at TD Securities in a research report issued to clients and investors on Friday, StockTargetPrices.com reports. They presently have a C$90.00 target price on the stock. TD Securities’ target price points to a potential upside of 1.69% from the stock’s previous close.
A number of other equities analysts also recently issued reports on the company. BMO Capital Markets restated an “outperform” rating and issued a C$90.00 price target on shares of Canadian National Railway Company in a research note on Tuesday, July 26th. Scotiabank raised their price target on Canadian National Railway Company from C$81.00 to C$87.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 26th. Desjardins restated a “hold” rating and issued a C$86.00 price target on shares of Canadian National Railway Company in a research note on Tuesday, July 26th. Canadian National Railway Co. raised their price target on Canadian National Railway Company from C$85.00 to C$89.00 in a research note on Monday, September 12th. Finally, Raymond James Financial Inc. upgraded Canadian National Railway Company from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$82.00 to C$92.00 in a research note on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of C$87.50.
Canadian National Railway Company (TSE:CNR) traded down 0.35% during mid-day trading on Friday, hitting $88.19. The company had a trading volume of 719,451 shares. The firm’s 50 day moving average is $84.19 and its 200 day moving average is $80.31. The company has a market capitalization of $68.05 billion and a price-to-earnings ratio of 19.44. Canadian National Railway Company has a 52 week low of $66.62 and a 52 week high of $88.91.
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The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 9th were issued a $0.375 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.50 annualized dividend and a dividend yield of 1.69%.
Canadian National Railway Company Company Profile
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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