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.
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.
ILLEGAL ACTIVITY NOTICE: “Canadian National Railway (CNR) Price Target Cut to C$113.00” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://ledgergazette.com/2018/04/20/canadian-national-railway-cnr-price-target-cut-to-c113-00.html.
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.
Receive News & Ratings for Canadian National Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway and related companies with MarketBeat.com's FREE daily email newsletter.