JPMorgan Chase & Co. lowered its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 6.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. Fourteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. The stock now has an average rating of "Hold" and an average target price of $80.56. Credit Suisse Group reaffirmed a "neutral" rating and set a $84.00 target price (up previously from $78.00) on shares of Canadian National Railway in a research note on Thursday, July 13th.
CNI has been the topic of a number of other research reports. Raymond James Financial, Inc. lifted their price objective on Canadian National Railway from C$112.00 to C$115.00 and gave the company an "outperform" rating in a research report on Friday, June 16th. The stock has "Hold" rating by Stifel Nicolaus on Thursday, June 15. The stock of Canadian National Railway (USA) (NYSE:CNI) has "Outperform" rating given on Monday, October 5 by Cowen & Co.
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Shares of Canadian National Railway Company (NYSE:CNI) traded up 0.75% during mid-day trading on Friday, hitting $81.64.
About 651,787 shares traded. It has a 19.3 P/E ratio. The corporation has a 50 day SMA of $80.06 along with a 200 - day SMA of $77.18. Canadian National Railway has $115 highest and $11 lowest target. Zacks Investment Research upgraded Canadian National Railway from a "hold" rating to a "buy" rating and set a $93.00 price objective for the company in a report on Tuesday, July 11th. Doerksen now anticipates that the transportation company will post earnings per share of $1.10 for the quarter, up from their prior estimate of $1.08. The firm had revenue of C$3.33 billion during the quarter, compared to analysts' expectations of C$3.22 billion. Canadian National Railway (USA) (NYSE:CNI) has risen 30.03% since September 13, 2016 and is uptrending. OMERS ADMINISTRATION Corp bought a new stake in shares of Canadian National Railway during the 2nd quarter worth $2,293,000. Shareholders of record on Friday, September 8th will be given a $0.3276 dividend. The ex-dividend date is Wednesday, March 8th. This represents a $1.31 annualized dividend and a yield of 1.62%. Citigroup maintained the shares of CNI in report on Friday, October 2 with "Neutral" rating. The stock was bought at an average cost of C$105.63 per share, with a total value of C$211,260.00. The stock declined 0.17% or $0.07 reaching $40.45 per share. Broderick Brian C grew its holdings in shares of Canadian National Railway by 0.7% during the 1st quarter.
Canadian National Railway Co is engaged in the rail and related transportation business. The Company's network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.