Canadian National Railway (CNR) Price Target Raised to C$119.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price raised by Morgan Stanley from C$116.00 to C$119.00 in a research report released on Tuesday.

CNR has been the topic of a number of other research reports. Cormark upped their price objective on Canadian National Railway from C$114.00 to C$115.00 in a report on Tuesday, July 10th. CIBC upped their target price on Canadian National Railway from C$116.00 to C$120.00 in a report on Friday, September 28th. National Bank Financial upped their target price on Canadian National Railway from C$103.00 to C$107.00 and gave the company a sector perform rating in a report on Thursday, June 21st. BMO Capital Markets lowered Canadian National Railway from an outperform rating to a market perform rating in a report on Wednesday, September 5th. Finally, Royal Bank of Canada upped their target price on Canadian National Railway from C$105.00 to C$112.00 and gave the company an outperform rating in a report on Thursday, July 26th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of C$116.77.

Shares of CNR stock opened at C$110.49 on Tuesday. Canadian National Railway has a 1-year low of C$90.84 and a 1-year high of C$118.62.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Tuesday, July 24th. The company reported C$1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$1.38 by C$0.13. Canadian National Railway had a return on equity of 65.99% and a net margin of 79.48%. The firm had revenue of C$3.63 billion for the quarter, compared to analyst estimates of C$3.51 billion.

The company also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 7th were issued a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Thursday, September 6th.

In related news, insider Kimberley A. Madigan sold 900 shares of the stock in a transaction on Thursday, September 20th. The stock was sold at an average price of C$88.02, for a total transaction of C$79,218.00. Also, insider Sean Finn sold 11,334 shares of the stock in a transaction on Friday, August 17th. The shares were sold at an average price of C$116.39, for a total value of C$1,319,164.26. Insiders sold 30,110 shares of company stock worth $3,327,215 in the last three months.

About Canadian National Railway

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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