Canadian National Railway Company (CNR) Receives Consensus Rating of “Hold” from Analysts
Shares of Canadian National Railway Company (TSE:CNR) (NYSE:CNI) have been assigned a consensus rating of “Buy” from the fourteen research firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$102.42.
A number of research analysts recently weighed in on the stock. Scotiabank raised their price target on shares of Canadian National Railway Company from C$110.00 to C$115.00 and gave the company an “outperform” rating in a research note on Thursday, June 15th. Raymond James Financial, Inc. raised their price target on shares of Canadian National Railway Company from C$112.00 to C$115.00 and gave the company an “outperform” rating in a research note on Friday, June 16th. CIBC raised their price target on shares of Canadian National Railway Company from C$100.00 to C$105.00 in a research note on Tuesday, April 25th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$111.00 price target on shares of Canadian National Railway Company in a research note on Thursday, June 15th. Finally, Royal Bank Of Canada raised their price target on shares of Canadian National Railway Company from C$102.00 to C$110.00 and gave the company an “outperform” rating in a research note on Tuesday, April 25th.
Shares of Canadian National Railway Company (CNR) traded down 0.22% during midday trading on Monday, hitting $105.22. The stock had a trading volume of 1,359,498 shares. Canadian National Railway Company has a 52-week low of $75.82 and a 52-week high of $108.64. The stock has a market cap of $79.56 billion and a PE ratio of 21.77. The firm has a 50 day moving average price of $104.71 and a 200-day moving average price of $97.44.
The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 9th were issued a dividend of $0.4125 per share. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.57%.
In other news, insider Sean Finn sold 2,841 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of C$98.82, for a total transaction of C$280,747.62. Also, Director Donald Carty purchased 5,000 shares of the business’s stock in a transaction dated Friday, April 28th. The shares were purchased at an average price of C$72.35 per share, with a total value of C$361,750.00. Insiders have sold a total of 32,973 shares of company stock valued at $3,391,286 in the last 90 days.
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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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