Canadian National Railway’s (CNR) Outperform Rating Reiterated at BMO Capital Markets
BMO Capital Markets restated their outperform rating on shares of Canadian National Railway Company (TSE:CNR) (NYSE:CNI) in a report issued on Monday morning. BMO Capital Markets currently has a C$111.00 target price on the stock.
A number of other equities analysts also recently issued reports on CNR. Royal Bank Of Canada reaffirmed an outperform rating and set a C$110.00 price target on shares of Canadian National Railway in a research report on Thursday, June 8th. Scotiabank upped their price target on Canadian National Railway from C$110.00 to C$115.00 and gave the stock an outperform rating in a research report on Thursday, June 15th. Finally, Raymond James Financial, Inc. upped their price target on Canadian National Railway from C$112.00 to C$115.00 and gave the stock an outperform rating in a research report on Friday, June 16th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Canadian National Railway has an average rating of Buy and an average price target of C$103.91.
Canadian National Railway (TSE CNR) opened at 98.06 on Monday. The stock has a market capitalization of $73.64 billion and a P/E ratio of 19.29. Canadian National Railway has a 1-year low of $80.67 and a 1-year high of $108.64. The stock has a 50 day moving average price of $100.04 and a 200-day moving average price of $101.10.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Tuesday, July 25th. The company reported C$1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.31 by C$0.03. The business had revenue of C$3.33 billion for the quarter, compared to the consensus estimate of C$3.22 billion. Canadian National Railway had a return on equity of 27.63% and a net margin of 30.97%. Equities research analysts expect that Canadian National Railway will post $5.12 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: “Canadian National Railway’s (CNR) Outperform Rating Reiterated at BMO Capital Markets” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://www.watchlistnews.com/canadian-national-railways-cnr-outperform-rating-reiterated-at-bmo-capital-markets/1560111.html.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Thursday, September 7th.
In other news, insider Michael A. Cory sold 250 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of C$100.44, for a total transaction of C$25,110.00. Also, insider Sean Finn sold 15,425 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of C$98.46, for a total transaction of C$1,518,745.50. Over the last three months, insiders have bought 8,200 shares of company stock worth $826,781 and have sold 27,175 shares worth $2,683,851.
About Canadian National Railway
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.
Receive News & Ratings for Canadian National Railway Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway Company and related companies with Analyst Ratings Network's FREE daily email newsletter.