Canadian National Railway Company (TSE:CNR) (NYSE:CNI) had its price objective increased by Royal Bank Of Canada from C$100.00 to C$102.00 in a research report sent to investors on Wednesday morning, StockTargetPrices.com reports. The firm currently has an outperform rating on the stock.
CNR has been the topic of several other research reports. Desjardins lifted 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. J P Morgan Chase & Co lifted their target price on shares of Canadian National Railway Company from C$87.00 to C$90.00 in a report on Thursday, October 6th. Raymond James Financial, Inc. restated an outperform rating on shares of Canadian National Railway Company in a report on Wednesday, January 18th. TD Securities restated a hold rating and set a C$90.00 target price on shares of Canadian National Railway Company in a report on Wednesday, October 26th. Finally, Scotiabank lifted their target price on shares of Canadian National Railway Company from C$87.00 to C$92.00 and gave the company a sector perform rating in a report on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. Canadian National Railway Company has an average rating of Hold and a consensus price target of C$95.27.
Shares of Canadian National Railway Company (TSE:CNR) opened at 92.37 on Wednesday. Canadian National Railway Company has a 52 week low of $71.84 and a 52 week high of $93.93. The firm has a market cap of $70.39 billion and a P/E ratio of 19.78. The stock’s 50 day moving average is $91.53 and its 200 day moving average is $86.51.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 10th will be given a $0.4125 dividend. This represents a $1.65 annualized dividend and a dividend yield of 1.79%. This is an increase from Canadian National Railway Company’s previous quarterly dividend of $0.38.
In other news, insider Sean Finn sold 14,460 shares of the business’s stock in a transaction dated 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.
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.