Raymond James Financial Inc. Raises Canadian National Railway Company (CNR) Price Target to C$94.00
Canadian National Railway Company (TSE:CNR) had its price target upped by equities research analysts at Raymond James Financial Inc. from C$92.00 to C$94.00 in a note issued to investors on Monday. The firm presently has a “market perform” rating on the stock. Raymond James Financial Inc.’s price target would suggest a potential upside of 8.16% from the stock’s current price.
Other equities analysts have also recently issued research reports about the stock. Canadian National Railway Co. increased their price objective on shares of Canadian National Railway Company from C$85.00 to C$89.00 in a research note on Monday, September 12th. Barclays PLC increased their price objective on shares of Canadian National Railway Company from C$85.00 to C$89.00 in a research note on Monday, September 12th. CIBC increased their price objective on shares of Canadian National Railway Company from C$84.00 to C$86.00 in a research note on Tuesday, July 26th. JPMorgan Chase & Co. increased their price objective on shares of Canadian National Railway Company from C$87.00 to C$90.00 in a research note on Thursday, October 6th. Finally, TD Securities reiterated a “hold” rating and issued a C$90.00 price objective on shares of Canadian National Railway Company in a research note on Friday, October 7th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of C$87.65.
Shares of Canadian National Railway Company (TSE:CNR) traded down 0.15% during midday trading on Monday, hitting $87.02. 778,185 shares of the stock were exchanged. The firm’s 50-day moving average is $84.82 and its 200 day moving average is $80.58. Canadian National Railway Company has a 52-week low of $66.62 and a 52-week high of $89.40. The firm has a market cap of $67.14 billion and a PE ratio of 19.18.
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The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 9th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Wednesday, September 7th.
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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