Canadian National Railway Company (CNR) Given Average Rating of “Buy” by Brokerages
Canadian National Railway Company (TSE:CNR) (NYSE:CNI) has received an average rating of “Buy” from the twelve brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$103.91.
Several brokerages have issued reports on CNR. National Bank Financial cut their price objective on Canadian National Railway from C$108.00 to C$105.00 in a research report on Wednesday. BMO Capital Markets reiterated an “outperform” rating and issued a C$111.00 price objective on shares of Canadian National Railway in a research report on Monday, September 11th. Raymond James Financial, Inc. lifted their price objective on Canadian National Railway from C$112.00 to C$115.00 and gave the company an “outperform” rating in a research report on Friday, June 16th. Scotiabank lifted their price objective on Canadian National Railway from C$110.00 to C$115.00 and gave the company an “outperform” rating in a research report on Thursday, June 15th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a C$110.00 price objective on shares of Canadian National Railway in a research report on Thursday, June 8th.
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Shares of Canadian National Railway (TSE:CNR) traded up 0.94% on Friday, reaching $99.57. The company had a trading volume of 6,230,584 shares. The firm has a market capitalization of $74.78 billion and a PE ratio of 19.58. The company’s 50-day moving average is $100.05 and its 200 day moving average is $101.13. Canadian National Railway has a 12 month low of $82.67 and a 12 month high of $108.64.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its earnings results on Tuesday, July 25th. The company reported C$1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.31 by C$0.03. The business had revenue of C$3.33 billion during the quarter, compared to the consensus estimate of C$3.22 billion. Canadian National Railway had a return on equity of 27.63% and a net margin of 30.97%. Equities analysts forecast that Canadian National Railway will post $5.12 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be paid a $0.4125 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.65 annualized dividend and a dividend yield of 1.66%.
In other news, Director Robert L. Phillips bought 2,000 shares of the stock in a transaction dated Friday, June 23rd. The stock was bought at an average cost of C$105.63 per share, with a total value of C$211,260.00. Also, insider Sean Finn sold 11,500 shares of Canadian National Railway stock in a transaction on Monday, September 11th. The shares were sold at an average price of C$99.13, for a total value of C$1,139,995.00. Over the last three months, insiders bought 8,200 shares of company stock valued at $826,781 and sold 27,175 shares valued at $2,683,851.
Canadian National Railway 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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