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

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

Canadian National Railway Stock Performance

TSE CNR opened at C$155.44 on Friday. The company has a market cap of C$97.85 billion, a P/E ratio of 18.46, a PEG ratio of 3.38 and a beta of 0.65. The company has a fifty day simple moving average of C$155.96 and a 200 day simple moving average of C$160.98. 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 12-month low of C$147.35 and a 12-month high of C$181.34.

Canadian National Railway Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be given a dividend of $0.845 per share. This represents a $3.38 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway’s payout ratio is presently 40.14%.

Analysts Set New Price Targets

CNR has been the subject of several recent research reports. Scotiabank lowered 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 research note on Wednesday, September 11th. Wells Fargo & Company upgraded shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 7th. BMO Capital Markets cut their price target 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. Raymond James decreased 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 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 report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average 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.