Ghislain Houle Sells 5,741 Shares of Canadian National Railway (TSE:CNR) Stock

Canadian National Railway (TSE:CNR) (NYSE:CNI) Senior Officer Ghislain Houle sold 5,741 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of C$150.82, for a total transaction of C$865,844.99.

Canadian National Railway Stock Up 3.2 %

CNR stock traded up C$4.85 during mid-day trading on Wednesday, hitting C$155.74. 503,832 shares of the company were exchanged, compared to its average volume of 1,099,003. The company has a market capitalization of C$98.04 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The firm has a fifty day simple moving average of C$157.06 and a 200 day simple moving average of C$162.67. 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 has a twelve month low of C$149.22 and a twelve month high of C$181.34.

Canadian National Railway Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. BMO Capital Markets reduced their target price on Canadian National Railway from C$182.00 to C$178.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. Barclays lowered their target price on shares of Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating for the company in a report on Wednesday, September 25th. Citigroup increased their price target on shares of Canadian National Railway from C$125.00 to C$126.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Raymond James dropped their price objective on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. Finally, TD Securities reduced their target price on Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Canadian National Railway currently has an average 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.