JPMorgan Chase & Co. Increases Canadian National Railway Company (CNR) Price Target to C$90.00
Canadian National Railway Company (TSE:CNR) had its price target raised by research analysts at JPMorgan Chase & Co. from C$87.00 to C$90.00 in a research report issued to clients and investors on Thursday. JPMorgan Chase & Co.’s target price suggests a potential upside of 1.90% from the stock’s previous close.
A number of other brokerages have also commented on CNR. Scotiabank reissued a “sector perform” rating and set a C$87.00 price target on shares of Canadian National Railway Company in a research note on Friday, September 30th. Loop Capital reaffirmed a “hold” rating on shares of Canadian National Railway Company in a research note on Tuesday, September 27th. Desjardins reaffirmed a “hold” rating and issued a C$86.00 price objective on shares of Canadian National Railway Company in a research note on Tuesday, July 26th. CIBC lifted their price objective on Canadian National Railway Company from C$84.00 to C$86.00 in a research note on Tuesday, July 26th. Finally, TD Securities lifted their price objective on Canadian National Railway Company from C$86.00 to C$87.00 and gave the stock a “hold” rating in a research note on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Canadian National Railway Company presently has a consensus rating of “Hold” and a consensus target price of C$87.27.
Shares of Canadian National Railway Company (TSE:CNR) traded down 0.22% during mid-day trading on Thursday, hitting $88.13. The stock had a trading volume of 485,599 shares. The stock’s 50-day moving average is $84.02 and its 200-day moving average is $80.25. The firm has a market capitalization of $68.00 billion and a PE ratio of 19.43. Canadian National Railway Company has a 1-year low of $66.62 and a 1-year high of $88.91.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 9th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.50 annualized dividend and a dividend yield of 1.70%.
Canadian National Railway Company Company Profile
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.
Receive News & Stock Ratings for Canadian National Railway Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway Company and related stocks with our FREE daily email newsletter.