Trade Report: The Canadian National Railway Company (CNR) PT Raised to C$94.00

The Canadian National Railway Company (CNR) PT Raised to C$94.00

Canadian National Railway Company (TSE:CNR) had its price target boosted by equities research analysts at Raymond James Financial Inc. from C$92.00 to C$94.00 in a report issued on Monday. The brokerage presently has a “market perform” rating on the stock. Raymond James Financial Inc.’s price objective suggests a potential upside of 8.16% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Canadian National Railway Co. boosted their target price on Canadian National Railway Company from C$85.00 to C$89.00 in a research report on Monday, September 12th. Barclays PLC boosted their target price on Canadian National Railway Company from C$85.00 to C$89.00 in a research report on Monday, September 12th. CIBC boosted their target price on Canadian National Railway Company from C$84.00 to C$86.00 in a research report on Tuesday, July 26th. JPMorgan Chase & Co. boosted their target price on Canadian National Railway Company from C$87.00 to C$90.00 in a research report on Thursday, October 6th. Finally, TD Securities reissued a “hold” rating and issued a C$90.00 target price on shares of Canadian National Railway Company in a research report on Friday, October 7th. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. Canadian National Railway Company currently has a consensus rating of “Hold” and an average target price of C$87.65.

Shares of Canadian National Railway Company (TSE:CNR) traded down 0.31% during midday trading on Monday, hitting $86.88. 625,800 shares of the stock were exchanged. Canadian National Railway Company has a 52-week low of $66.62 and a 52-week high of $89.40. The firm’s 50 day moving average price is $84.82 and its 200-day moving average price is $80.58. The stock has a market cap of $67.04 billion and a P/E ratio of 19.15.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 9th were issued a $0.375 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $1.50 dividend on an annualized basis and a yield of 1.73%.

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