A number of other equities research analysts have also weighed in on CNR. Royal Bank of Canada reiterated an outperform rating and set a C$110.00 target price on shares of Canadian National Railway in a research note on Friday, September 8th. TD Securities upgraded shares of Canadian National Railway from a hold rating to a buy rating and boosted their target price for the company from C$110.00 to C$115.00 in a research note on Thursday, November 30th. Scotiabank decreased their target price on shares of Canadian National Railway from C$115.00 to C$113.00 and set an outperform rating for the company in a research note on Wednesday, October 25th. National Bank Financial decreased their target price on shares of Canadian National Railway from C$108.00 to C$105.00 in a research note on Wednesday, September 13th. Finally, Desjardins upgraded shares of Canadian National Railway from a hold rating to a buy rating in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Canadian National Railway currently has an average rating of Buy and a consensus price target of C$109.70.
Canadian National Railway (TSE CNR) traded up C$0.08 during mid-day trading on Thursday, reaching C$101.95. The company had a trading volume of 1,277,787 shares, compared to its average volume of 1,049,956. The company has a market cap of $76,010.00, a PE ratio of 19.95 and a beta of 0.72. Canadian National Railway has a fifty-two week low of C$89.29 and a fifty-two week high of C$108.64.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were issued a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Thursday, December 7th. Canadian National Railway’s dividend payout ratio is currently 31.56%.
In related news, insider Jean-Jacques Ruest sold 14,736 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of C$103.87, for a total value of C$1,530,628.32.
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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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