BMO Capital Markets reissued their outperform rating on shares of Canadian National Railway Company (TSE:CNR) (NYSE:CNI) in a report published on Monday. The firm currently has a C$111.00 target price on the stock.
Other research analysts also recently issued research reports about the stock. Scotiabank restated an outperform rating and set a C$115.00 price target on shares of Canadian National Railway in a report on Monday. Royal Bank Of Canada restated an outperform rating and set a C$110.00 price target on shares of Canadian National Railway in a report on Friday. Finally, Raymond James Financial, Inc. raised their price target on shares of Canadian National Railway from C$112.00 to C$115.00 and gave the company an outperform rating in a report on Friday, June 16th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Canadian National Railway presently has an average rating of Buy and a consensus price target of C$101.31.
Shares of Canadian National Railway (CNR) opened at 99.27 on Monday. The company has a 50-day moving average price of $100.22 and a 200 day moving average price of $101.09. Canadian National Railway has a one year low of $80.63 and a one year high of $108.64. The firm has a market capitalization of $74.55 billion and a P/E ratio of 19.53.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Tuesday, July 25th. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.03. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.22 billion. Canadian National Railway had a net margin of 30.97% and a return on equity of 27.63%. Analysts expect that Canadian National Railway will post $5.13 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a $0.4125 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.65 annualized dividend and a yield of 1.66%.
In other news, insider Kimberley A. Madigan sold 1,592 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of C$78.58, for a total transaction of C$125,099.36. Also, insider Sean Finn sold 15,425 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of C$98.46, for a total transaction of C$1,518,745.50. In the last quarter, insiders purchased 8,200 shares of company stock worth $826,781 and sold 17,267 shares worth $1,668,955.
About Canadian National Railway
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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