Canadian National Railway Company (CNR) Given Consensus Recommendation of “Hold” by Analysts
Shares of Canadian National Railway Company (TSE:CNR) (NYSE:CNI) have earned a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the company. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$101.50.
Several research analysts have weighed in on CNR shares. Macquarie decreased their price target on shares of Canadian National Railway Company from C$100.00 to C$98.00 in a research report on Thursday, April 13th. National Bank Financial increased their price target on shares of Canadian National Railway Company from C$92.00 to C$94.00 in a research report on Wednesday, March 22nd. BMO Capital Markets increased their price target on shares of Canadian National Railway Company from C$100.00 to C$105.00 in a research report on Wednesday, March 15th. JPMorgan Chase & Co. increased their price objective on shares of Canadian National Railway Company from C$91.00 to C$92.00 in a research note on Tuesday, January 17th. Finally, Desjardins increased their price objective on shares of Canadian National Railway Company from C$92.00 to C$97.00 in a research note on Monday, January 16th.
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Shares of Canadian National Railway Company (TSE:CNR) traded up 0.36% during midday trading on Friday, hitting $101.66. 751,119 shares of the stock traded hands. The company’s 50-day moving average is $99.47 and its 200 day moving average is $93.19. Canadian National Railway Company has a 52 week low of $72.78 and a 52 week high of $102.87. The firm has a market capitalization of $76.87 billion and a PE ratio of 21.03.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 9th will be paid a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.62%.
In related news, insider Michael A. Cory sold 2,100 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of C$96.58, for a total transaction of C$202,818.00. Also, insider Sean Finn sold 1,000 shares of the firm’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of C$97.81, for a total transaction of C$97,810.00. Over the last three months, insiders sold 31,899 shares of company stock valued at $2,921,355.
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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