Canadian National Railway Company (CNR) Given Average Rating of “Buy” by Brokerages
Shares of Canadian National Railway Company (TSE:CNR) (NYSE:CNI) have been assigned an average rating of “Buy” from the eleven analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$104.36.
A number of research analysts have weighed in on the stock. Scotiabank boosted their target price on shares of Canadian National Railway from C$110.00 to C$115.00 and gave the stock an “outperform” rating in a research report on Thursday, June 15th. CIBC dropped their price objective on shares of Canadian National Railway from C$111.00 to C$110.00 in a report on Tuesday, September 26th. National Bank Financial dropped their price objective on shares of Canadian National Railway from C$108.00 to C$105.00 in a report on Wednesday, September 13th. BMO Capital Markets restated an “outperform” rating and set a C$111.00 price objective on shares of Canadian National Railway in a report on Monday, September 11th. Finally, Raymond James Financial, Inc. boosted their price objective on shares of Canadian National Railway from C$112.00 to C$115.00 and gave the stock an “outperform” rating in a report on Friday, June 16th.
In other Canadian National Railway news, insider Scott Daniels bought 1,300 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were acquired at an average price of C$99.57 per share, with a total value of C$129,441.00. Also, insider Sean Finn sold 11,168 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of C$100.75, for a total transaction of C$1,125,176.00. In the last three months, insiders sold 69,807 shares of company stock worth $6,388,760.
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Shares of Canadian National Railway (TSE:CNR) traded down 0.02% during mid-day trading on Wednesday, hitting $100.96. The stock had a trading volume of 709,914 shares. The stock has a market cap of $75.82 billion and a P/E ratio of 19.86. The stock has a 50-day moving average price of $100.59 and a 200 day moving average price of $101.89. Canadian National Railway has a 52 week low of $82.85 and a 52 week high of $108.64.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its earnings results on Tuesday, July 25th. The company reported C$1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$1.31 by C$0.03. The firm had revenue of C$3.33 billion during the quarter, compared to analyst estimates of C$3.22 billion. Canadian National Railway had a net margin of 30.97% and a return on equity of 27.63%. On average, equities analysts forecast that Canadian National Railway will post $5.11 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were paid a $0.4125 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.65 dividend on an annualized basis and a yield of 1.63%.
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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