Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective upped by JPMorgan Chase & Co. from C$103.00 to C$109.00 in a research report sent to investors on Thursday morning.
Other equities research analysts have also issued reports about the stock. CIBC lowered their target price on shares of Canadian National Railway from C$111.00 to C$110.00 in a research note on Tuesday, September 26th. National Bank Financial lowered 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. Desjardins raised shares of Canadian National Railway from a hold rating to a buy rating in a research note on Wednesday, October 25th. TD Securities raised shares of Canadian National Railway from a hold rating to a buy rating and increased their target price for the stock from C$110.00 to C$115.00 in a research note on Thursday, November 30th. Finally, Raymond James Financial lowered shares of Canadian National Railway from an outperform rating to a market perform rating and set a C$115.00 target price on the stock. in a research note on Thursday, October 26th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of C$109.70.
Canadian National Railway (TSE CNR) traded down C$0.91 during mid-day trading on Thursday, hitting C$101.04. 1,544,200 shares of the stock traded hands, compared to its average volume of 1,360,000. Canadian National Railway has a twelve month low of C$89.29 and a twelve month high of C$108.64. The stock has a market cap of $75,330.00, a price-to-earnings ratio of 19.77 and a beta of 0.72.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were given a dividend of $0.4125 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.65 annualized dividend and a dividend yield of 1.63%. Canadian National Railway’s dividend payout ratio (DPR) is presently 31.56%.
In related news, insider Jean-Jacques Ruest sold 14,736 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of C$103.87, for a total transaction of C$1,530,628.32.
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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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