Equities researchers at TD Securities lifted their price objective on shares of Canadian National Railway (NYSE:CNI) from $107.00 to $110.00 in a research report issued on Wednesday, AnalystRatings.Net reports. TD Securities’ target price would suggest a potential upside of 10.75% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Scotiabank raised their price target on shares of Canadian National Railway from $108.00 to $113.00 in a research note to investors on Wednesday. Separately, analysts at RBC Capital raised their price target on shares of Canadian National Railway from $96.00 to $99.00 in a research note to investors on Wednesday. Finally, analysts at CIBC reiterated a “sector perform” rating on shares of Canadian National Railway in a research note to investors on Wednesday. They now have a $110.00 price target on the stock.
One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Canadian National Railway currently has an average rating of “Hold” and a consensus price target of $102.38.
Canadian National Railway (NYSE: CNI) traded up 0.41% on Wednesday, hitting $99.32. Canadian National Railway has a 52-week low of $83.83 and a 52-week high of $104.43. The stock’s 50-day moving average is currently $98.70. The company has a market cap of $42.122 billion and a price-to-earnings ratio of 17.12.
Canadian National Railway (NYSE:CNI) last posted its quarterly earnings results on Monday, July 22nd. The company reported $1.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.62 by $0.04. The company had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the company posted $1.50 earnings per share. Canadian National Railway’s revenue was up 4.8% compared to the same quarter last year. Analysts expect that Canadian National Railway will post $6.11 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 30th. Investors of record on Monday, September 9th will be paid a dividend of $0.41 per share. This represents a $1.65 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Thursday, September 5th.
Canadian National Railway Company (NYSE: CNI) is engaged in the rail and related transportation business.
