Canadian National Railway Company (CNR) Receives Consensus Rating of “Buy” from Brokerages
Shares of Canadian National Railway Company (TSE:CNR) (NYSE:CNI) have received a consensus rating of “Buy” from the fourteen research firms that are covering the company, Marketbeat Ratings 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 brokerages that have updated their coverage on the stock in the last year is C$101.31.
A number of brokerages have commented on CNR. Scotiabank raised their price objective 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. BMO Capital Markets restated an “outperform” rating and set a C$111.00 price objective on shares of Canadian National Railway in a research report on Thursday, June 15th. Royal Bank Of Canada restated an “outperform” rating and set a C$110.00 price objective on shares of Canadian National Railway in a research report on Thursday, June 8th. Raymond James Financial, Inc. raised their price objective 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, TD Securities restated a “hold” rating and set a C$105.00 price objective on shares of Canadian National Railway in a research report on Tuesday, May 2nd.
In related news, Director Robert L. Phillips acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The shares were acquired at an average cost of C$105.63 per share, with a total value of C$211,260.00. Also, insider Kimberley A. Madigan sold 1,592 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of C$78.58, for a total value of C$125,099.36. Over the last quarter, insiders have bought 8,200 shares of company stock valued at $826,781 and have sold 29,902 shares valued at $3,010,557.
Canadian National Railway (CNR) traded down 0.31% during midday trading on Tuesday, reaching $99.32. 586,204 shares of the company traded hands. The company’s 50-day moving average price is $101.98 and its 200 day moving average price is $100.48. The firm has a market capitalization of $74.59 billion and a PE ratio of 19.55. Canadian National Railway has a 12 month low of $80.63 and a 12 month high of $108.64.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $1.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.03. Canadian National Railway had a return on equity of 27.63% and a net margin of 30.97%. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.22 billion. On average, equities analysts anticipate that Canadian National Railway will post $5.13 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.4125 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.65 annualized dividend and a dividend yield of 1.66%.
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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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