Canadian National Railway (CNR) Price Target Raised to C$109.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target hoisted by JPMorgan Chase & Co. from C$103.00 to C$109.00 in a report released on Thursday.

Other analysts also recently issued research reports about the stock. CIBC cut their price objective on shares of Canadian National Railway from C$111.00 to C$110.00 in a report on Tuesday, September 26th. National Bank Financial cut their price target on shares of Canadian National Railway from C$108.00 to C$105.00 in a report on Wednesday, September 13th. Desjardins upgraded shares of Canadian National Railway from a hold rating to a buy rating in a report on Wednesday, October 25th. TD Securities upgraded shares of Canadian National Railway from a hold rating to a buy rating and raised their price target for the stock from C$110.00 to C$115.00 in a report on Thursday, November 30th. Finally, Raymond James Financial downgraded shares of Canadian National Railway from an outperform rating to a market perform rating and set a C$115.00 price target for the company. in a report on Thursday, October 26th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of C$109.70.

Canadian National Railway (TSE:CNR) traded down C$0.91 during mid-day trading on Thursday, reaching C$101.04. 1,544,200 shares of the company’s stock were exchanged, compared to its average volume of 1,360,000. The firm has a market cap of $75,330.00, a P/E ratio of 19.77 and a beta of 0.72. Canadian National Railway has a 12 month low of C$89.29 and a 12 month high of C$108.64.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 8th were issued a dividend of $0.4125 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.63%. Canadian National Railway’s dividend payout ratio is currently 31.56%.

In related news, insider Jean-Jacques Ruest sold 14,736 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of C$103.87, for a total transaction of C$1,530,628.32.

COPYRIGHT VIOLATION WARNING: “Canadian National Railway (CNR) Price Target Raised to C$109.00” was first published by Transcript Daily and is the property of of Transcript Daily. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US and international copyright and trademark laws. The original version of this piece of content can be read at

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)

Receive News & Ratings for Canadian National Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway and related companies with's FREE daily email newsletter.

Leave a Reply