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

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

Canadian National Railway Stock Up 0.2 %

Shares of TSE:CNR opened at C$149.43 on Thursday. The business has a 50-day moving average price of C$156.11 and a 200 day moving average price of C$161.19. 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 company has a market capitalization of C$94.07 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 12-month low of C$147.35 and a 12-month high of C$181.34.

Canadian National Railway Announces Dividend

The company also recently announced 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. This represents a $3.38 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is 40.14%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Scotiabank lowered their price objective on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a research note on Wednesday, September 11th. Sanford C. Bernstein reduced their target price on shares of Canadian National Railway from C$179.00 to C$173.00 in a report on Wednesday, October 9th. National Bankshares reduced their target price on shares of Canadian National Railway from C$181.00 to C$178.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. BMO Capital Markets cut their price objective on shares of Canadian National Railway from C$182.00 to C$178.00 and set an “outperform” rating on the stock in a report on Wednesday, September 11th. Finally, Barclays cut their price objective on shares of Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating on the stock in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway presently has a consensus rating of “Moderate Buy” and a consensus target price of C$171.07.

Canadian National Railway Company Profile

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.