Brokerages Set Canadian National Railway (TSE:CNR) Price Target at C$125.09

Share on StockTwits

Canadian National Railway (TSE:CNR) (NYSE:CNI) has earned an average recommendation of “Hold” from the eleven analysts that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$125.09.

A number of research analysts have recently commented on CNR shares. Raymond James reiterated an “outperform” rating and issued a C$135.00 price objective on shares of Canadian National Railway in a report on Wednesday, July 24th. Cormark increased their price objective on Canadian National Railway from C$99.00 to C$101.00 in a report on Wednesday, July 24th. TD Securities increased their price objective on Canadian National Railway from C$135.00 to C$140.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Desjardins increased their price objective on Canadian National Railway from C$128.00 to C$129.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Finally, UBS Group dropped their price objective on Canadian National Railway from C$127.00 to C$126.00 in a report on Wednesday, July 24th.

CNR stock traded down C$2.83 during mid-day trading on Friday, reaching C$119.45. The company had a trading volume of 760,600 shares, compared to its average volume of 1,081,127. The company has a debt-to-equity ratio of 77.28, a quick ratio of 0.34 and a current ratio of 0.69. The company has a market capitalization of $85.78 billion and a price-to-earnings ratio of 19.70. The firm has a fifty day simple moving average of C$122.88 and a 200 day simple moving average of C$120.54. Canadian National Railway has a fifty-two week low of C$96.46 and a fifty-two week high of C$127.96.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 9th will be given a dividend of $0.5375 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.15 dividend on an annualized basis and a yield of 1.80%. Canadian National Railway’s payout ratio is 32.74%.

In other news, Senior Officer Kimberley A. Madigan sold 4,891 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of C$120.54, for a total value of C$589,572.23. Following the completion of the sale, the insider now directly owns 21 shares of the company’s stock, valued at approximately C$2,531.39. Also, insider Cascade Investment, L.L.C. purchased 188,936 shares of Canadian National Railway stock in a transaction dated Friday, August 9th. The stock was acquired at an average cost of C$123.84 per share, with a total value of C$23,398,063.23. Following the completion of the acquisition, the insider now directly owns 101,048,265 shares in the company, valued at C$12,513,939,608.10. Over the last ninety days, insiders have acquired 428,636 shares of company stock valued at $52,403,800 and have sold 27,833 shares valued at $3,392,254.

Canadian National Railway Company Profile

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

Featured Article: Front-End Load

Analyst Recommendations for Canadian National Railway (TSE:CNR)

Receive News & Ratings for Canadian National Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Swiss National Bank Buys 4,900 Shares of ChannelAdvisor Corp
Swiss National Bank Buys 4,900 Shares of ChannelAdvisor Corp
Doheny Asset Management CA Buys 960 Shares of AT&T Inc.
Doheny Asset Management CA Buys 960 Shares of AT&T Inc.
Doheny Asset Management CA Buys 2,865 Shares of Xilinx, Inc.
Doheny Asset Management CA Buys 2,865 Shares of Xilinx, Inc.
$1.31 EPS Expected for Microchip Technology Inc.  This Quarter
$1.31 EPS Expected for Microchip Technology Inc. This Quarter
Doheny Asset Management CA Has $387,000 Stock Holdings in Lowe’s Companies, Inc.
Doheny Asset Management CA Has $387,000 Stock Holdings in Lowe’s Companies, Inc.
-$0.63 Earnings Per Share Expected for Instructure Inc  This Quarter
-$0.63 Earnings Per Share Expected for Instructure Inc This Quarter


© 2006-2019 Ticker Report