Canadian National Railway Company (TSE:CNR) Given Average Rating of “Hold” by Analysts
Shares of Canadian National Railway Company (TSE:CNR) have been given a consensus recommendation of “Hold” by the seventeen research firms that are presently covering the stock. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$87.50.
A number of analysts have recently weighed in on the company. BMO Capital Markets reissued an “outperform” rating and set a C$90.00 price objective on shares of Canadian National Railway Company in a research note on Tuesday, July 26th. TD Securities increased their price objective on Canadian National Railway Company from C$86.00 to C$87.00 and gave the company a “hold” rating in a research note on Tuesday, July 26th. Barclays PLC increased their price objective on Canadian National Railway Company from C$85.00 to C$89.00 in a research note on Monday, September 12th. JPMorgan Chase & Co. upped their target price on Canadian National Railway Company from C$87.00 to C$90.00 in a report on Thursday. Finally, CIBC decreased their target price on Canadian National Railway Company from C$86.00 to C$84.00 in a report on Thursday, June 23rd.
Canadian National Railway Company (TSE:CNR) traded down 0.26% during trading on Monday, reaching $88.27. 1,145,159 shares of the company’s stock were exchanged. The stock has a market cap of $68.11 billion and a PE ratio of 19.46. The firm has a 50 day moving average of $84.35 and a 200-day moving average of $80.36. Canadian National Railway Company has a 12 month low of $66.62 and a 12 month high of $88.91.
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The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 9th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.50 annualized dividend and a dividend yield of 1.70%.
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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