Canadian National Railway (CNR) Given New C$116.00 Price Target at CIBC

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective hoisted by CIBC from C$110.00 to C$116.00 in a research report report published on Thursday.

A number of other research analysts have also commented on the company. TD Securities raised Canadian National Railway from a hold rating to a buy rating and upped their price objective for the company from C$110.00 to C$115.00 in a report on Thursday, November 30th. Raymond James Financial lowered Canadian National Railway from an outperform rating to a market perform rating and set a C$115.00 price objective on the stock. in a report on Thursday, October 26th. Desjardins raised Canadian National Railway from a hold rating to a buy rating in a report on Wednesday, October 25th. Royal Bank of Canada decreased their price objective on Canadian National Railway from C$114.00 to C$113.00 and set an outperform rating on the stock in a report on Wednesday, October 25th. Finally, Scotiabank decreased their price objective on Canadian National Railway from C$115.00 to C$113.00 and set an outperform rating on the stock in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of C$109.20.

Shares of Canadian National Railway (CNR) traded up C$0.68 during midday trading on Thursday, reaching C$105.31. The company’s stock had a trading volume of 944,420 shares, compared to its average volume of 896,480. Canadian National Railway has a 52-week low of C$89.29 and a 52-week high of C$108.64. The firm has a market cap of $78,410.00, a price-to-earnings ratio of 20.61 and a beta of 0.72.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 8th were issued a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Thursday, December 7th. Canadian National Railway’s dividend payout ratio (DPR) is currently 31.56%.

In other news, insider Jean-Jacques Ruest sold 14,736 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of C$103.87, for a total transaction of C$1,530,628.32.

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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.

Analyst Recommendations for Canadian National Railway (TSE:CNR)

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