Canadian National Railway (TSE:CNR) Senior Officer Sells C$865,844.99 in 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 Price Performance

TSE CNR opened at C$157.17 on Friday. The stock has a market capitalization of C$98.94 billion, a PE ratio of 18.66, a P/E/G ratio of 3.38 and a beta of 0.65. The stock has a 50-day simple moving average of C$157.08 and a 200 day simple moving average of C$162.62. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63. Canadian National Railway has a twelve month low of C$149.22 and a twelve month high of C$181.34.

Canadian National Railway Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be given a $0.845 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $3.38 annualized dividend and a dividend yield of 2.15%. Canadian National Railway’s dividend payout ratio is 40.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company raised shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 7th. National Bankshares cut their price target on Canadian National Railway from C$181.00 to C$178.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Citigroup boosted their price target on Canadian National Railway from C$125.00 to C$126.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Stephens raised shares of Canadian National Railway to a “hold” rating in a research report on Wednesday, July 24th. Finally, CIBC dropped their price target on shares of Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. 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 stock. According to MarketBeat.com, Canadian National Railway presently has a consensus rating of “Moderate Buy” and an average price target 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.