Canadian National Railway (TSE:CNR) (NYSE:CNI) has been assigned an average recommendation of “Buy” from the eleven brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$109.36.
CNR has been the subject of several research analyst reports. Royal Bank of Canada dropped their target price on shares of Canadian National Railway from C$112.00 to C$105.00 and set an “outperform” rating for the company in a research report on Tuesday, March 6th. CIBC dropped their target price on shares of Canadian National Railway from C$111.00 to C$108.00 in a research report on Tuesday, March 6th. Scotiabank reiterated 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. National Bank Financial dropped their target price on shares of Canadian National Railway from C$108.00 to C$103.00 and set a “sector perform” rating for the company in a research report on Tuesday, March 20th. Finally, Desjardins dropped their target price on shares of Canadian National Railway from C$115.00 to C$113.00 in a research report on Monday, April 16th.
Shares of Canadian National Railway traded up C$0.96, reaching C$107.03, during trading hours on Monday, MarketBeat.com reports. The stock had a trading volume of 1,001,600 shares, compared to its average volume of 1,330,174. Canadian National Railway has a 12 month low of C$90.84 and a 12 month high of C$110.35.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings data on Monday, April 23rd. The company reported C$1.00 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of C$3.19 billion during the quarter, compared to the consensus estimate 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 issued a $0.455 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.70%.
In other news, insider Michael A. Cory sold 3,518 shares of the business’s stock in a transaction that occurred on Wednesday, May 23rd. The shares were sold at an average price of C$107.59, for a total value of C$378,501.62. Also, 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 90 days, insiders sold 25,493 shares of company stock valued at $2,706,002.
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.
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