Canadian National Railway (TSE:CNR) Director Purchases C$488,380.20 in Stock

Canadian National Railway (TSE:CNR) (NYSE:CNI) Director Tracy Robinson acquired 3,300 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was purchased at an average price of C$147.99 per share, with a total value of C$488,380.20.

Canadian National Railway Stock Up 1.9 %

Canadian National Railway stock opened at C$155.44 on Friday. The firm has a market capitalization of C$97.85 billion, a price-to-earnings ratio of 18.46, a P/E/G ratio of 3.38 and a beta of 0.65. The firm has a 50 day simple moving average of C$155.96 and a 200 day simple moving average of C$160.98. Canadian National Railway has a 1-year low of C$147.35 and a 1-year high of C$181.34. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62.

Canadian National Railway Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be paid a dividend of $0.845 per share. The ex-dividend date is Monday, December 9th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.17%. Canadian National Railway’s payout ratio is 40.14%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CNR shares. UBS Group upped their target price on Canadian National Railway from C$189.00 to C$190.00 in a report on Thursday, October 24th. BMO Capital Markets decreased their target price on Canadian National Railway from C$182.00 to C$178.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. Raymond James cut their price target on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating on the stock in a report on Wednesday, September 11th. Royal Bank of Canada upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$169.00 to C$179.00 in a research report on Thursday, October 10th. Finally, Citigroup raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average price target of C$171.07.

About Canadian National Railway

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.