Canadian National Railway’s (CNR) “Outperform” Rating Reiterated at BMO Capital Markets
BMO Capital Markets reaffirmed their outperform rating on shares of Canadian National Railway Company (TSE:CNR) (NYSE:CNI) in a research note issued to investors on Wednesday. They currently have a C$111.00 price target on the stock.
A number of other brokerages also recently issued reports on CNR. Raymond James Financial, Inc. lifted their price target on shares of Canadian National Railway from C$112.00 to C$115.00 and gave the company an outperform rating in a report on Friday, June 16th. Royal Bank Of Canada reiterated an outperform rating and issued a C$110.00 price target on shares of Canadian National Railway in a report on Thursday, June 8th. Scotiabank lifted their price target on shares of Canadian National Railway from C$110.00 to C$115.00 and gave the company an outperform rating in a report on Thursday, June 15th. National Bank Financial lifted their price target on shares of Canadian National Railway from C$94.00 to C$101.00 in a report on Tuesday, April 25th. Finally, Desjardins reduced their price target on shares of Canadian National Railway from C$105.00 to C$99.00 in a report on Tuesday, April 25th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of C$101.31.
Canadian National Railway (TSE:CNR) opened at 98.41 on Wednesday. Canadian National Railway has a 12 month low of $80.11 and a 12 month high of $108.64. The stock has a market capitalization of $73.91 billion and a price-to-earnings ratio of 19.36. The company has a 50-day moving average of $104.98 and a 200 day moving average of $99.24.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.03. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.22 billion. Canadian National Railway had a net margin of 30.97% and a return on equity of 27.63%. On average, equities research analysts anticipate that Canadian National Railway will post $5.13 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a $0.4125 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.68%.
In other Canadian National Railway news, insider Scott Daniels acquired 1,300 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was acquired at an average cost of C$99.57 per share, with a total value of C$129,441.00. Also, Director Robert L. Phillips acquired 2,000 shares of the company’s stock in a transaction on Friday, June 23rd. The stock was acquired at an average cost of C$105.63 per share, with a total value of C$211,260.00. Over the last three months, insiders acquired 8,200 shares of company stock valued at $826,781 and sold 30,132 shares valued at $3,110,538.
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.
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