Canadian National Railway Company’s (CNR) “Hold” Rating Reaffirmed at TD Securities
Canadian National Railway Company (TSE:CNR)‘s stock had its “hold” rating reiterated by TD Securities in a research report issued to clients and investors on Wednesday. They currently have a C$90.00 target price on the stock. TD Securities’ price target suggests a potential upside of 2.66% from the company’s previous close.
Other equities analysts have also recently issued reports about the company. BMO Capital Markets increased their price target on Canadian National Railway Company from C$90.00 to C$92.00 and gave the company an “outperform” rating in a report on Wednesday. CIBC increased their price target on Canadian National Railway Company from C$84.00 to C$86.00 in a report on Tuesday, July 26th. Royal Bank Of Canada assumed coverage on Canadian National Railway Company in a report on Wednesday. They set an “outperform” rating and a C$95.00 price target on the stock. Desjardins increased their price target on Canadian National Railway Company from C$86.00 to C$92.00 and gave the company a “hold” rating in a report on Wednesday. Finally, National Bank Financial increased their price target on Canadian National Railway Company from C$84.00 to C$85.00 and gave the company a “sector perform” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$89.88.
Canadian National Railway Company (TSE:CNR) traded down 3.60% during trading on Wednesday, reaching $84.51. The company had a trading volume of 1,610,466 shares. The firm has a market capitalization of $65.21 billion and a P/E ratio of 18.63. The firm’s 50-day moving average price is $85.35 and its 200 day moving average price is $80.92. Canadian National Railway Company has a one year low of $66.62 and a one year high of $89.40.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.71%.
Canadian National Railway Company Company Profile
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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