Canadian National Railway Company (CNR) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Canadian National Railway Company (TSE:CNR) (NYSE:CNI) have received a consensus rating of “Hold” from the seventeen ratings firms that are covering the firm. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$90.08.
CNR has been the subject of a number of recent research reports. BMO Capital Markets reiterated an “outperform” rating and issued a C$90.00 price objective on shares of Canadian National Railway Company in a research note on Tuesday, July 26th. CIBC boosted their price target on shares of Canadian National Railway Company from C$84.00 to C$86.00 in a research report on Tuesday, July 26th. Desjardins restated a “hold” rating and set a C$86.00 price target on shares of Canadian National Railway Company in a research report on Tuesday, July 26th. Raymond James Financial Inc. upgraded shares of Canadian National Railway Company from a “market perform” rating to an “outperform” rating and boosted their price target for the company from C$82.00 to C$92.00 in a research report on Tuesday, July 26th. Finally, Scotiabank boosted their price target on shares of Canadian National Railway Company from C$81.00 to C$87.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 26th.
Canadian National Railway Company (TSE:CNR) opened at 87.00 on Tuesday. The company’s 50-day moving average price is $86.23 and its 200 day moving average price is $81.50. Canadian National Railway Company has a 12 month low of $66.62 and a 12 month high of $89.40. The company has a market capitalization of $66.67 billion and a price-to-earnings ratio of 19.20.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 9th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.72%.
About Canadian National Railway Company
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.
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