Shares of Canadian National Railway Company (TSE:CNR) (NYSE:CNI) have earned a consensus recommendation of “Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$103.91.
CNR has been the topic of a number of research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a C$110.00 target price on shares of Canadian National Railway in a research report on Thursday, June 8th. BMO Capital Markets reiterated an “outperform” rating and set a C$111.00 target price on shares of Canadian National Railway in a research report on Thursday, June 15th. Scotiabank boosted their target price on 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. Raymond James Financial, Inc. boosted their target price on Canadian National Railway from C$112.00 to C$115.00 and gave the stock an “outperform” rating in a research report on Friday, June 16th. Finally, National Bank Financial decreased their target price on Canadian National Railway from C$108.00 to C$105.00 in a research report on Wednesday, September 13th.
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In other Canadian National Railway news, Director Robert Pace bought 4,900 shares of Canadian National Railway stock in a transaction that occurred on Wednesday, July 26th. The shares were purchased at an average cost of C$99.20 per share, for a total transaction of C$486,080.00. Also, Director Robert L. Phillips bought 2,000 shares of Canadian National Railway stock in a transaction that occurred on Friday, June 23rd. The shares were acquired at an average price of C$105.63 per share, for a total transaction of C$211,260.00. Over the last quarter, insiders have purchased 8,200 shares of company stock worth $826,781 and have sold 27,175 shares worth $2,683,851.
Canadian National Railway (TSE:CNR) traded up 1.04% during midday trading on Friday, reaching $102.15. The company’s stock had a trading volume of 862,641 shares. Canadian National Railway has a 12-month low of $82.85 and a 12-month high of $108.64. The stock’s 50 day moving average is $100.17 and its 200 day moving average is $101.32. The stock has a market cap of $76.71 billion and a P/E ratio of 20.09.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of C$3.22 billion. Canadian National Railway had a return on equity of 27.63% and a net margin of 30.97%. Analysts anticipate that Canadian National Railway will post $5.12 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a $0.4125 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.65 annualized dividend and a dividend 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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