Canadian National Railway (TSE:CNR) Director David Lund Freeman Purchases 1,000 Shares

Canadian National Railway (TSE:CNR) (NYSE:CNI) Director David Lund Freeman bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were purchased at an average cost of C$152.57 per share, for a total transaction of C$152,572.80.

Canadian National Railway Price Performance

Shares of TSE CNR opened at C$154.25 on Friday. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. The company has a market cap of C$97.10 billion, a PE ratio of 18.32, a P/E/G ratio of 3.38 and a beta of 0.65. The stock has a fifty day moving average price of C$157.32 and a 200 day moving average price of C$164.09. Canadian National Railway has a 1-year low of C$144.23 and a 1-year high of C$181.34.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share for the quarter, missing the consensus estimate of C$1.93 by C($0.09). The firm had revenue of C$4.33 billion during the quarter, compared to analysts’ expectations of C$4.40 billion. Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. Sell-side analysts forecast that Canadian National Railway will post 8.2610275 EPS for the current year.

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 paid a dividend of $0.845 per share. This represents a $3.38 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway’s payout ratio is 40.14%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CNR shares. National Bankshares cut their price objective on Canadian National Railway from C$181.00 to C$178.00 and set an “outperform” rating on the stock in a research report on Wednesday. BMO Capital Markets decreased their price objective on Canadian National Railway from C$182.00 to C$178.00 and set an “outperform” rating for the company in a research note on Wednesday, September 11th. Veritas upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Citigroup lifted 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. Finally, Barclays lowered their price target 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Canadian National Railway 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.