Canadian National Railway (TSE:CNR) Director Josephine Ann Marie Depass Olsovsky Buys 1,786 Shares

Canadian National Railway (TSE:CNR) (NYSE:CNI) Director Josephine Ann Marie Depass Olsovsky bought 1,786 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were bought at an average cost of C$154.93 per share, for a total transaction of C$276,697.30.

Canadian National Railway Stock Performance

CNR traded up C$5.56 on Wednesday, reaching C$156.45. The company had a trading volume of 1,120,383 shares, compared to its average volume of 1,102,044. Canadian National Railway has a 1 year low of C$149.22 and a 1 year high of C$181.34. The stock has a market capitalization of C$98.49 billion, a PE ratio of 18.50, a P/E/G ratio of 3.38 and a beta of 0.65. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62. The stock has a 50-day moving average price of C$157.06 and a 200-day moving average price of C$162.67.

Canadian National Railway Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be issued a dividend of $0.845 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $3.38 annualized dividend and a yield of 2.16%. Canadian National Railway’s dividend payout ratio is currently 40.14%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CNR. ATB Capital boosted their price objective on Canadian National Railway from C$167.00 to C$168.00 in a research note on Wednesday, October 23rd. UBS Group increased their target price on Canadian National Railway from C$189.00 to C$190.00 in a report on Thursday, October 24th. CIBC lowered their price target on Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. Veritas raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Finally, TD Securities decreased their target price on Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently 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.