JP Morgan Cazenove upgraded shares of Canadian National Railway (NYSE: CNI) from an underweight rating to a market perform rating in a research note released on Friday morning, Stock Ratings Network.com reports.
Shares of Canadian National Railway (NYSE: CNI) traded down 0.05% during mid-day trading on Friday, hitting $102.61. Canadian National Railway has a one year low of $79.09 and a one year high of $104.43. The stock’s 50-day moving average is currently $99.33. The company has a market cap of $43.517 billion and a P/E ratio of 17.77.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Wednesday, June 5th.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase upgraded shares of Canadian National Railway from an underweight rating to a neutral rating in a research note to investors on Friday. They now have a $110.00 price target on the stock, up previously from $96.00. Separately, analysts at Barclays Capital reiterated a hold rating on shares of Canadian National Railway in a research note to investors on Thursday, May 30th. They now have a $106.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Canadian National Railway from $98.00 to $105.00 in a research note to investors on Thursday, May 30th. They now have a neutral rating on the stock.
One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Hold and a consensus price target of $101.29.
Canadian National Railway Company (NYSE: CNI) is engaged in the rail and related transportation business.