Canadian National Railway Company (TSE:CNR)‘s stock had its “sector perform” rating reiterated by stock analysts at Scotiabank in a research note issued to investors on Friday. They currently have a C$87.00 price target on the stock. Scotiabank’s target price points to a potential upside of 0.67% from the stock’s current price.
Other equities analysts have also issued research reports about the company. CIBC lifted their price objective on Canadian National Railway Company from C$84.00 to C$86.00 in a research note on Tuesday, July 26th. Barclays PLC lifted their price objective on Canadian National Railway Company from C$85.00 to C$89.00 in a research note on Monday, September 12th. Raymond James Financial Inc. upgraded Canadian National Railway Company from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from C$82.00 to C$92.00 in a research note on Tuesday, July 26th. Desjardins restated a “hold” rating and set a C$86.00 target price on shares of Canadian National Railway Company in a research report on Tuesday, July 26th. Finally, BMO Capital Markets restated an “outperform” rating and set a C$90.00 target price on shares of Canadian National Railway Company in a research report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of C$87.04.
Shares of Canadian National Railway Company (TSE:CNR) opened at 86.42 on Friday. Canadian National Railway Company has a 12 month low of $66.62 and a 12 month high of $86.49. The stock has a market capitalization of $66.68 billion and a P/E ratio of 19.05. The firm’s 50-day moving average price is $83.67 and its 200-day moving average price is $80.15.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 9th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Wednesday, September 7th.
About Canadian National Railway Company
Canadian National Railway Co 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. The Company’s freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.
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