TD Securities Reaffirms “Hold” Rating for Canadian National Railway Company (CNR)
TD Securities reaffirmed their hold rating on shares of Canadian National Railway Company (TSE:CNR) in a research note issued to investors on Friday morning. The brokerage currently has a C$90.00 price objective on the stock.
A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Canadian National Railway Company from C$87.00 to C$90.00 in a report on Thursday, October 6th. Barclays PLC lifted their price objective on Canadian National Railway Company from C$85.00 to C$89.00 in a report on Monday, September 12th. Scotiabank reaffirmed a sector perform rating and set a C$87.00 price objective on shares of Canadian National Railway Company in a report on Friday, September 30th. CIBC cut their target price on shares of Canadian National Railway Company from C$86.00 to C$84.00 in a research note on Thursday, June 23rd. Finally, Atlantic Securities reiterated a neutral rating on shares of Canadian National Railway Company in a research note on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of C$87.50.
Canadian National Railway Company (TSE:CNR) opened at 88.11 on Friday. The firm has a market capitalization of $67.99 billion and a P/E ratio of 19.42. Canadian National Railway Company has a 52 week low of $66.62 and a 52 week high of $89.40. The stock’s 50 day moving average price is $84.50 and its 200 day moving average price is $80.43.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Wednesday, September 7th.
About Canadian National Railway Company
Canadian National Railway Co 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. The Company’s freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.
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