Canadian National Railway (CNR) Price Target Raised to C$114.00 at Raymond James

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target increased by Raymond James from C$110.00 to C$114.00 in a research note issued to investors on Friday. They currently have an outperform rating on the stock.

A number of other equities analysts also recently commented on the company. Scotiabank restated an outperform rating and issued a C$114.00 target price on shares of Canadian National Railway in a research note on Tuesday, March 6th. Desjardins decreased their target price on Canadian National Railway from C$116.00 to C$115.00 and set a buy rating for the company in a research note on Wednesday, January 24th. CIBC decreased their target price on Canadian National Railway from C$108.00 to C$105.00 in a research note on Monday, April 2nd. Royal Bank of Canada lifted their target price on Canadian National Railway from C$105.00 to C$107.00 and gave the company an outperform rating in a research note on Tuesday, April 24th. Finally, Sanford C. Bernstein lifted their target price on Canadian National Railway from C$99.00 to C$101.00 in a research note on Tuesday, April 24th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Canadian National Railway has a consensus rating of Buy and a consensus target price of C$108.09.

Shares of Canadian National Railway opened at C$107.10 on Friday, MarketBeat.com reports. Canadian National Railway has a 52 week low of C$90.84 and a 52 week high of C$108.77.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Monday, April 23rd. The company reported C$1.00 EPS for the quarter, missing the Zacks’ consensus estimate of C$1.02 by C($0.02). Canadian National Railway had a net margin of 79.48% and a return on equity of 65.99%. The company had revenue of C$3.19 billion during the quarter, compared to analyst estimates of C$3.17 billion.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 8th will be given a dividend of $0.455 per share. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $1.82 annualized dividend and a dividend yield of 1.70%.

In other news, insider Sean Finn sold 3,100 shares of the business’s stock in a transaction that occurred on Wednesday, April 25th. The stock was sold at an average price of C$97.58, for a total transaction of C$302,498.00. Over the last quarter, insiders have sold 11,175 shares of company stock valued at $1,116,753.

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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