Canadian National Railway Company (TSE:CNR) (NYSE:CNI) had its target price decreased by Royal Bank Of Canada from C$114.00 to C$113.00 in a report released on Wednesday morning. Royal Bank Of Canada currently has an outperform rating on the stock.
CNR has been the topic of a number of other research reports. Scotiabank cut their target price on Canadian National Railway from C$115.00 to C$113.00 and set an outperform rating on the stock in a research report on Wednesday. CIBC cut their target price on Canadian National Railway from C$111.00 to C$110.00 in a research report on Tuesday, September 26th. BMO Capital Markets reiterated an outperform rating and set a C$111.00 target price on shares of Canadian National Railway in a research report on Wednesday. National Bank Financial cut their target price on Canadian National Railway from C$108.00 to C$105.00 in a research report on Wednesday, September 13th. Finally, J P Morgan Chase & Co cut their target price on Canadian National Railway from C$105.00 to C$104.00 in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of C$107.60.
Canadian National Railway (CNR) opened at 104.22 on Wednesday. The firm has a market cap of $78.27 billion and a price-to-earnings ratio of 20.50. The company has a 50-day moving average of $101.55 and a 200-day moving average of $102.22. Canadian National Railway has a 1-year low of $82.85 and a 1-year high of $108.64.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be given a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 1.58%. The ex-dividend date is Thursday, December 7th.
In related news, insider Michael A. Cory sold 250 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of C$100.44, for a total value of C$25,110.00. Also, insider Sean Finn sold 11,500 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of C$99.13, for a total value of C$1,139,995.00. Insiders sold a total of 54,382 shares of company stock worth $4,870,014 in the last 90 days.
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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