Canadian National Railway (CNR) Given New C$113.00 Price Target at Desjardins
CNR has been the topic of several other research reports. Royal Bank of Canada cut their price target on Canadian National Railway from C$112.00 to C$105.00 and set an outperform rating on the stock in a report on Tuesday, March 6th. CIBC cut their price target on Canadian National Railway from C$108.00 to C$105.00 in a report on Monday, April 2nd. JPMorgan Chase increased their price target on Canadian National Railway from C$103.00 to C$109.00 in a report on Thursday, January 11th. Raymond James Financial cut their price target on Canadian National Railway from C$115.00 to C$110.00 and set a market perform rating on the stock in a report on Wednesday, January 24th. Finally, National Bank Financial cut their price target on Canadian National Railway from C$108.00 to C$103.00 and set a sector perform rating on the stock in a report on Tuesday, March 20th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of C$109.44.
Shares of TSE:CNR opened at C$94.74 on Monday. Canadian National Railway has a 52-week low of C$90.84 and a 52-week high of C$108.64.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 8th were paid a $0.455 dividend. The ex-dividend date of this dividend was Wednesday, March 7th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.41. This represents a $1.82 annualized dividend and a dividend yield of 1.92%.
In related news, Director James E. O’connor acquired 2,515 shares of the stock in a transaction dated Thursday, January 25th. The stock was purchased at an average cost of C$79.51 per share, with a total value of C$199,967.65. Also, insider Scott Daniels acquired 1,000 shares of the stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of C$94.35 per share, with a total value of C$94,350.00.
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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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