Canadian National Railway Company (CNR) PT Raised to C$94.00
Canadian National Railway Company (TSE:CNR) had its price target boosted by equities research analysts at Raymond James Financial Inc. from C$92.00 to C$94.00 in a report issued on Monday. The brokerage presently has a “market perform” rating on the stock. Raymond James Financial Inc.’s price objective suggests a potential upside of 8.16% from the stock’s current price.
Other equities analysts have also issued research reports about the company. Canadian National Railway Co. boosted their target price on Canadian National Railway Company from C$85.00 to C$89.00 in a research report on Monday, September 12th. Barclays PLC boosted their target price on Canadian National Railway Company from C$85.00 to C$89.00 in a research report on Monday, September 12th. CIBC boosted their target price on Canadian National Railway Company from C$84.00 to C$86.00 in a research report on Tuesday, July 26th. JPMorgan Chase & Co. boosted their target price on Canadian National Railway Company from C$87.00 to C$90.00 in a research report on Thursday, October 6th. Finally, TD Securities reissued a “hold” rating and issued a C$90.00 target price on shares of Canadian National Railway Company in a research report on Friday, October 7th. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. Canadian National Railway Company currently has a consensus rating of “Hold” and an average target price of C$87.65.
Shares of Canadian National Railway Company (TSE:CNR) traded down 0.31% during midday trading on Monday, hitting $86.88. 625,800 shares of the stock were exchanged. Canadian National Railway Company has a 52-week low of $66.62 and a 52-week high of $89.40. The firm’s 50 day moving average price is $84.82 and its 200-day moving average price is $80.58. The stock has a market cap of $67.04 billion and a P/E ratio of 19.15.
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The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 9th were issued 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 1.73%.
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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