The stock of Canadian National Railway Company (TSE:CNR) has “Outperform” rating given on Tuesday, August 11 by Raymond James. OppenheimerFunds Inc. now owns 3,506,422 shares of the transportation company’s stock valued at $259,230,000 after buying an additional 472,909 shares in the last quarter.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. William Blair Investment Management LLC grew its holdings in Canadian National Railway by 54.1% in the 1st quarter. Schroder Investment Management Group now owns 76,297 shares of the transportation company’s stock valued at $8,046,000 after purchasing an additional 75,297 shares in the last quarter.
In addition to RBC Capital Markets reporting its stock price target, a total of 21 brokers have issued a research note on the company. Atria Investments LLC lifted its holdings in shares of Canadian National Railway by 0.7% in the 2nd quarter. Kelman Lazarov Inc. now owns 18,489 shares of the transportation company’s stock valued at $1,499,000 after purchasing an additional 89 shares during the last quarter. Fiduciary Trust Co. raised its stake in Canadian National Railway by 16.9% in the second quarter. TD Securities has “Hold” rating and $96 target. Oppenheimer Asset Management Inc. boosted its position in Canadian National Railway by 0.9% during the 2nd quarter. State of Tennessee Treasury Department owned about 0.14% of Canadian National Railway worth $84,676,000 as of its most recent filing with the SEC. The company has market cap of $74.28 billion. Canadian National Railway has $115 highest and $11 lowest target.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. This represents a $1.31 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Wednesday, December 7th.
Canadian National Railway (NYSE:CNI) traded up 0.28% during trading on Friday, reaching $81.22. Canadian National Railway’s dividend payout ratio is now 34.38%.
State of Tennessee Treasury Department raised its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 10.6% during the 2nd quarter, according to its most recent filing with the SEC. The corporation posted $1.34 EPS for the period, exceeding Thomson Reuters’ average forecast of $1.31 by $0.03. the business reported sales of $3.33 B for the period end, compared to analysts’ anticipations of $3.22 B. Canadian National Railway had a ROE of 27.63% and a net profit margin of 30.97%. on consensus, brokerage firm analysts expect that Canadian National Railway to post $5.13 earnings per share for the full year. Barclays PLC reaffirmed an “equal weight” rating and issued a $81.00 target price (up from $69.00) on shares of Canadian National Railway in a research note on Wednesday, May 17th. TD Securities maintained the shares of CNR in report on Friday, October 7 with “Hold” rating.
In a research note issued to clients and investors on Friday, 8 September, The Outperform rating of Canadian National Railways (TSE:CNR) shares was reiterated at RBC Capital Markets, who now has a $110.00 PT on the stock. Stifel Nicolaus increased their price target on Canadian National Railway from $74.00 to $79.00 and gave the company a “hold” rating in a research note on Thursday, June 15th.
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