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 dated Wednesday, November 20th. The stock was bought at an average price of C$147.99 per share, with a total value of C$488,380.20.

Canadian National Railway Trading Up 0.2 %

TSE:CNR opened at C$149.43 on Thursday. The firm has a market cap of C$94.07 billion, a P/E ratio of 17.75, a PEG ratio of 3.38 and a beta of 0.65. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62. The stock’s 50 day simple moving average is C$156.11 and its 200-day simple moving average is C$161.19. Canadian National Railway has a 12-month low of C$147.35 and a 12-month high of C$181.34.

Canadian National Railway Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be paid a $0.845 dividend. The ex-dividend date is Monday, December 9th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.26%. Canadian National Railway’s dividend payout ratio (DPR) is presently 40.14%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CNR. TD Securities cut 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 research report on Wednesday, October 23rd. Wells Fargo & Company raised Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 7th. Desjardins cut their target price on Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. ATB Capital raised their target price on Canadian National Railway from C$167.00 to C$168.00 in a research report on Wednesday, October 23rd. Finally, CIBC cut their target price on Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.