Canadian National Railway (TSE:CNR – Free Report) (NYSE:CNI) had its price objective reduced by Royal Bank of Canada from C$172.00 to C$169.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports.
Several other equities analysts have also recently issued reports on the company. CIBC dropped their price target on Canadian National Railway from C$183.00 to C$170.00 in a research report on Wednesday. ATB Capital dropped their price target on Canadian National Railway from C$180.00 to C$177.00 in a research report on Wednesday. Scotiabank dropped their price target on Canadian National Railway from C$188.00 to C$187.00 in a research report on Wednesday. National Bankshares dropped their price target on Canadian National Railway from C$190.00 to C$186.00 and set an outperform rating on the stock in a research report on Wednesday. Finally, BMO Capital Markets dropped their price target on Canadian National Railway from C$195.00 to C$188.00 and set an outperform rating on the stock in a research report on Wednesday, June 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of Hold and a consensus price target of C$179.29.
View Our Latest Report on Canadian National Railway
Canadian National Railway Stock Performance
Canadian National Railway Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be paid a $0.845 dividend. This represents a $3.38 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Friday, September 6th. Canadian National Railway’s payout ratio is currently 41.22%.
Insider Activity at Canadian National Railway
In related news, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of Canadian National Railway stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average price of C$115.29 per share, with a total value of C$300,906.90. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 544 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was bought at an average cost of C$160.21 per share, for a total transaction of C$87,156.42. Also, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of the business’s stock in a transaction on Friday, July 26th. The stock was acquired at an average price of C$115.29 per share, with a total value of C$300,906.90. 1.69% of the stock is owned by corporate insiders.
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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