BMO Capital Markets Boosts Canadian National Railway Company (CNR) Price Target to C$105.00
CNR has been the topic of several other research reports. National Bank Financial raised their target price on shares of Canadian National Railway Company from C$91.00 to C$92.00 in a report on Wednesday, January 25th. Desjardins raised their target price on shares of Canadian National Railway Company from C$92.00 to C$97.00 in a report on Monday, January 16th. Raymond James Financial, Inc. raised their target price on shares of Canadian National Railway Company from C$104.00 to C$110.00 and gave the stock an outperform rating in a report on Wednesday, March 15th. JPMorgan Chase & Co. raised their target price on shares of Canadian National Railway Company from C$91.00 to C$92.00 in a report on Tuesday, January 17th. Finally, Scotiabank cut their target price on shares of Canadian National Railway Company from C$105.00 to C$97.00 and set an outperform rating on the stock in a report on Friday, March 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of C$96.29.
Canadian National Railway Company (TSE:CNR) opened at 96.16 on Wednesday. The firm has a market cap of $73.11 billion and a P/E ratio of 20.59. The firm’s 50-day moving average is $93.91 and its 200 day moving average is $89.48. Canadian National Railway Company has a 12-month low of $72.78 and a 12-month high of $98.23.
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The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 10th will be issued a $0.4125 dividend. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $1.65 annualized dividend and a yield of 1.72%. This is a boost from Canadian National Railway Company’s previous quarterly dividend of $0.38.
In related news, Director Edith E. Holiday sold 6,441 shares of Canadian National Railway Company stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of C$72.61, for a total value of C$467,681.01. Also, insider Sean Finn sold 14,460 shares of Canadian National Railway Company stock in a transaction on Thursday, January 26th. The shares were sold at an average price of C$91.63, for a total transaction of C$1,324,969.80. In the last quarter, insiders sold 26,101 shares of company stock worth $2,296,370.
Canadian National Railway Company Company Profile
Canadian National Railway Company 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 and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.
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