Canadian National Railway Company (TSE:CNR) (NYSE:CNI) had its target price upped by Raymond James Financial, Inc. from C$104.00 to C$110.00 in a research report sent to investors on Wednesday morning. The firm currently has an outperform rating on the stock.
Several other research analysts have also recently issued reports on the stock. TD Securities restated a hold rating and issued a C$96.00 target price on shares of Canadian National Railway Company in a report on Wednesday, January 25th. Desjardins raised their target price on shares of Canadian National Railway Company from C$92.00 to C$97.00 in a report on Monday, January 16th. CIBC raised their target price on shares of Canadian National Railway Company from C$90.00 to C$99.00 in a report on Thursday, January 5th. JPMorgan Chase & Co. raised their target price on shares of Canadian National Railway Company from C$91.00 to C$92.00 in a report on Tuesday, January 17th. Finally, Scotiabank cut their target price on shares of Canadian National Railway Company from C$105.00 to C$97.00 and set an outperform rating on the stock in a report on Friday, March 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of C$96.29.
Shares of Canadian National Railway Company (TSE:CNR) opened at 96.16 on Wednesday. Canadian National Railway Company has a 1-year low of $72.78 and a 1-year high of $98.23. The stock has a 50 day moving average of $93.91 and a 200 day moving average of $89.48. The company has a market cap of $73.11 billion and a price-to-earnings ratio of 20.59.
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The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 10th will be issued a $0.4125 dividend. The ex-dividend date is Wednesday, March 8th. This represents a $1.65 annualized dividend and a yield of 1.72%. This is a boost from Canadian National Railway Company’s previous quarterly dividend of $0.38.
In related news, insider Sean Finn sold 14,460 shares of Canadian National Railway Company stock in a transaction on Thursday, January 26th. The shares were sold at an average price of C$91.63, for a total value of C$1,324,969.80. Also, Director Edith E. Holiday sold 6,441 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of C$72.61, for a total value of C$467,681.01. In the last quarter, insiders sold 26,101 shares of company stock worth $2,296,370.
About Canadian National Railway Company
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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