Veritas upgraded shares of Canadian National Railway (TSE:CNR – Free Report) (NYSE:CNI) from a hold rating to a strong-buy rating in a research report released on Wednesday, Zacks.com reports.
Other analysts also recently issued research reports about the stock. Stephens raised shares of Canadian National Railway to a “hold” rating in a report on Wednesday, July 24th. Raymond James lowered their price target on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating on the stock in a report on Wednesday, September 11th. Scotiabank reduced their price objective on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. ATB Capital upped their target price on Canadian National Railway from C$167.00 to C$168.00 in a report on Wednesday. Finally, Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$169.00 to C$179.00 in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$171.07.
Read Our Latest Research Report on Canadian National Railway
Canadian National Railway Price Performance
Canadian National Railway Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be paid a dividend of $0.845 per share. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s dividend payout ratio is presently 40.14%.
Insider Activity
In related news, Director Shauneen Elizabeth Bruder acquired 543 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was bought at an average price of C$157.53 per share, with a total value of C$85,539.88. In related news, Director Shauneen Elizabeth Bruder purchased 543 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were bought at an average price of C$157.53 per share, for a total transaction of C$85,539.88. Also, Director David Lund Freeman acquired 1,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were purchased at an average price of C$152.57 per share, with a total value of C$152,572.80. Insiders acquired a total of 2,773 shares of company stock valued at $437,437 over the last quarter. Company insiders own 2.64% of the company’s stock.
Canadian National Railway Company Profile
Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.
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