BMO Capital Markets Analysts Give Canadian National Railway (CNR) a C$125.00 Price Target

BMO Capital Markets set a C$125.00 target price on Canadian National Railway (TSE:CNR) (NYSE:CNI) in a research note published on Thursday morning, BayStreet.CA reports. The firm currently has a market perform rating on the stock.

Several other research firms also recently commented on CNR. Desjardins downgraded Canadian National Railway from a buy rating to a hold rating in a report on Friday, April 12th. Royal Bank of Canada downgraded Canadian National Railway from an outperform rating to a sector perform rating and set a C$128.00 price objective for the company. in a report on Tuesday, April 30th. Raymond James restated an outperform rating and set a C$135.00 price objective on shares of Canadian National Railway in a report on Tuesday, April 30th. TD Securities boosted their price objective on Canadian National Railway from C$135.00 to C$140.00 and gave the company a buy rating in a report on Tuesday, April 30th. Finally, CIBC boosted their price objective on Canadian National Railway from C$119.00 to C$125.00 in a report on Tuesday, April 30th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Canadian National Railway has an average rating of Hold and a consensus target price of C$126.80.

TSE CNR opened at C$122.98 on Thursday. The company has a market cap of $90.11 billion and a PE ratio of 20.63. Canadian National Railway has a 52 week low of C$96.46 and a 52 week high of C$127.96. The company has a quick ratio of 0.40, a current ratio of 0.75 and a debt-to-equity ratio of 79.87.



The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a dividend of $0.538 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $2.15 annualized dividend and a yield of 1.75%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.54. Canadian National Railway’s dividend payout ratio is 31.92%.

In related news, Senior Officer Sean Finn sold 12,300 shares of the company’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of C$113.59, for a total transaction of C$1,397,166.84. Following the completion of the sale, the insider now owns 20,835 shares in the company, valued at C$2,366,664.32. Also, Senior Officer Donald K. Reardon sold 11,400 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$115.57, for a total value of C$1,317,500.55. Following the sale, the insider now owns 12,869 shares of the company’s stock, valued at approximately C$1,487,273.21. Insiders have sold 29,980 shares of company stock valued at $3,467,150 in the last quarter.

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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Analyst Recommendations for Canadian National Railway (TSE:CNR)

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