Canadian National Railway (CNR) PT Set at C$125.00 by BMO Capital Markets

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

CNR has been the topic of several other research reports. Morgan Stanley set a C$117.00 price target on shares of Canadian National Railway in a research note on Monday, February 11th. TD Securities lifted their price target on shares of Canadian National Railway from C$135.00 to C$140.00 and gave the stock a buy rating in a research note on Tuesday, April 30th. National Bank Financial lifted their price target on shares of Canadian National Railway from C$110.00 to C$112.00 and gave the stock a sector perform rating in a research note on Thursday, March 28th. CIBC lifted their price target on shares of Canadian National Railway from C$118.00 to C$119.00 in a research note on Wednesday, January 30th. Finally, Royal Bank of Canada downgraded shares of Canadian National Railway from an outperform rating to a sector perform rating and set a C$128.00 price target on the stock. in a research note on Tuesday, April 30th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Canadian National Railway presently has an average rating of Hold and an average target price of C$126.80.

Canadian National Railway stock opened at C$123.02 on Thursday. Canadian National Railway has a 12-month low of C$96.46 and a 12-month high of C$127.96. The firm has a market cap of $90.11 billion and a P/E ratio of 20.64. The company has a current ratio of 0.75, a quick ratio of 0.40 and a debt-to-equity ratio of 79.87.

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

In other news, Senior Officer Janet Drysdale sold 430 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of C$124.65, for a total value of C$53,599.80. Following the completion of the sale, the insider now owns 14,551 shares of the company’s stock, valued at approximately C$1,813,792.34. Also, Senior Officer Sean Finn sold 950 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of C$116.30, for a total transaction of C$110,488.80. Following the completion of the sale, the insider now directly owns 18,137 shares of the company’s stock, valued at approximately C$2,109,405.65. Insiders sold a total of 35,021 shares of company stock valued at $4,041,543 in the last three months.

About Canadian National Railway

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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