Canadian National Railway Company (TSE:CNR) had its price objective lifted by Raymond James Financial Inc. from C$92.00 to C$94.00 in a research report report published on Monday morning. Raymond James Financial Inc. currently has a market perform rating on the stock.
A number of other analysts have also recently issued reports on CNR. TD Securities boosted their target price on Canadian National Railway Company from C$86.00 to C$87.00 and gave the stock a hold rating in a report on Tuesday, July 26th. BMO Capital Markets restated an outperform rating and issued a C$90.00 price target on shares of Canadian National Railway Company in a report on Tuesday, July 26th. Scotiabank upped their price target on Canadian National Railway Company from C$81.00 to C$87.00 and gave the stock a sector perform rating in a report on Tuesday, July 26th. Desjardins restated a hold rating and issued a C$86.00 price target on shares of Canadian National Railway Company in a report on Tuesday, July 26th. Finally, Canadian National Railway Co. upped their price target on Canadian National Railway Company from C$85.00 to C$89.00 in a report on Monday, September 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of C$87.65.
Canadian National Railway Company (TSE:CNR) opened at 87.06 on Monday. The stock’s 50 day moving average is $84.89 and its 200-day moving average is $80.62. The stock has a market capitalization of $67.18 billion and a price-to-earnings ratio of 19.19. Canadian National Railway Company has a 12 month low of $66.62 and a 12 month high of $89.40.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend 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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