Brokerages Set Canadian National Railway Company (CNR) PT at $102.42

Canadian National Railway Company (TSE:CNR) (NYSE:CNI) has earned a consensus rating of “Buy” from the fifteen ratings firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$101.31.

Several research analysts recently issued reports on CNR shares. Desjardins reduced their price target on shares of Canadian National Railway from C$105.00 to C$99.00 in a research report on Tuesday, April 25th. National Bank Financial upped their target price on shares of Canadian National Railway from C$94.00 to C$101.00 in a research report on Tuesday, April 25th. Macquarie cut their target price on shares of Canadian National Railway from C$100.00 to C$98.00 in a research report on Thursday, April 13th. CIBC upped their target price on shares of Canadian National Railway from C$100.00 to C$105.00 in a research report on Tuesday, April 25th. Finally, TD Securities restated a “hold” rating and set a C$105.00 target price on shares of Canadian National Railway in a research report on Tuesday, May 2nd.

Shares of Canadian National Railway (CNR) opened at 98.41 on Monday. The firm has a market capitalization of $74.41 billion and a price-to-earnings ratio of 20.36. Canadian National Railway has a 12-month low of $80.11 and a 12-month high of $108.64. The company’s 50-day moving average is $104.98 and its 200-day moving average is $99.24.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.03. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.22 billion. Canadian National Railway had a net margin of 27.57% and a return on equity of 23.86%. On average, equities analysts forecast that Canadian National Railway will post $5.13 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a $0.4125 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.68%.

In related news, insider Sean Finn sold 12,885 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of C$106.07, for a total transaction of C$1,366,711.95. Also, insider Jean-Jacques Ruest sold 15,655 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of C$103.40, for a total value of C$1,618,727.00. Over the last quarter, insiders purchased 8,200 shares of company stock worth $826,781 and sold 30,132 shares worth $3,110,538.

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Canadian National Railway Company Profile

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.

Analyst Recommendations for Canadian National Railway (TSE:CNR)

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