Canadian National Railway (TSE:CNR) Director Acquires C$276,697.30 in Stock

Canadian National Railway (TSE:CNR) (NYSE:CNI) Director Josephine Ann Marie Depass Olsovsky bought 1,786 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was acquired at an average cost of C$154.93 per share, for a total transaction of C$276,697.30.

Canadian National Railway Stock Performance

CNR traded up C$5.56 during trading on Wednesday, hitting C$156.45. 1,120,383 shares of the company traded hands, compared to its average volume of 1,102,044. The firm has a market cap of C$98.49 billion, a P/E ratio of 18.50, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. Canadian National Railway has a one year low of C$149.22 and a one year high of C$181.34. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62. The stock’s fifty day moving average is C$157.06 and its 200 day moving average is C$162.67.

Canadian National Railway Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be issued a $0.845 dividend. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway’s payout ratio is 40.14%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Raymond James decreased their price target on shares of 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. JPMorgan Chase & Co. lowered their price objective on shares of Canadian National Railway from C$176.00 to C$169.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 8th. Citigroup boosted their price objective 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, October 23rd. Scotiabank cut their target price 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. Finally, Desjardins lowered their target price on shares of Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.