Canadian National Railway (CNR) Price Target Cut to C$113.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target lowered by Desjardins from C$115.00 to C$113.00 in a report published on Monday.

Other equities research analysts also recently issued reports about the company. CIBC cut their price target on Canadian National Railway from C$116.00 to C$111.00 and set an outperform rating on the stock in a research report on Wednesday, January 24th. National Bank Financial cut their price target on Canadian National Railway from C$108.00 to C$103.00 and set a sector perform rating on the stock in a research report on Tuesday, March 20th. Scotiabank restated an outperform rating and set a C$114.00 target price on shares of Canadian National Railway in a research report on Tuesday, March 6th. JPMorgan Chase raised their target price on Canadian National Railway from C$103.00 to C$109.00 in a research report on Thursday, January 11th. Finally, Raymond James dropped their target price on Canadian National Railway from C$115.00 to C$110.00 and set a market perform rating on the stock in a research report on Wednesday, January 24th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of C$108.60.

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Shares of CNR opened at C$96.48 on Monday. Canadian National Railway has a fifty-two week low of C$90.84 and a fifty-two week high of C$108.64.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported C$1.20 earnings per share for the quarter, missing the consensus estimate of C$1.23 by C($0.03). The company had revenue of C$3.29 billion for the quarter, compared to analyst estimates of C$3.29 billion. Canadian National Railway had a return on equity of 65.99% and a net margin of 79.48%.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 8th were given a dividend of $0.455 per share. The ex-dividend date of this dividend was Wednesday, March 7th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.41. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.89%.

In other news, insider Scott Daniels acquired 1,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average cost of C$94.35 per share, for a total transaction of C$94,350.00. Also, insider Sean Finn sold 2,085 shares of Canadian National Railway stock in a transaction dated Monday, March 12th. The stock was sold at an average price of C$96.00, for a total value of C$200,160.00.

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Canadian National Railway Company Profile

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

Analyst Recommendations for Canadian National Railway (TSE:CNR)

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