Insider Buying: Canadian National Railway (TSE:CNR) Director Acquires 1,230 Shares of Stock

Canadian National Railway (TSE:CNR - Get Free Report) (NYSE:CNI) Director Susan C. Jones purchased 1,230 shares of Canadian National Railway stock in a transaction on Tuesday, September 17th. The stock was bought at an average price of C$162.05 per share, for a total transaction of C$199,324.82.

Canadian National Railway Price Performance

Shares of TSE CNR opened at C$159.34 on Thursday. Canadian National Railway has a fifty-two week low of C$143.13 and a fifty-two week high of C$181.34. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63. The company has a market cap of C$100.30 billion, a PE ratio of 18.92, a P/E/G ratio of 2.06 and a beta of 0.65. The business has a 50-day simple moving average of C$158.95 and a two-hundred day simple moving average of C$167.03.

Canadian National Railway (TSE:CNR - Get Free Report) (NYSE:CNI) last released its earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share (EPS) 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 analyst estimates of C$4.40 billion. Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. As a group, equities analysts expect that Canadian National Railway will post 8.8716518 EPS for the current fiscal year.

Canadian National Railway Dividend Announcement


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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 27th will be issued a dividend of $0.845 per share. The ex-dividend date is Friday, September 6th. This represents a $3.38 annualized dividend and a dividend yield of 2.12%. Canadian National Railway's dividend payout ratio (DPR) is presently 40.14%.

Wall Street Analyst Weigh In

CNR has been the topic of several research reports. BMO Capital Markets reduced their target price on 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. ATB Capital decreased their price objective on Canadian National Railway from C$177.00 to C$167.00 in a report on Thursday, September 12th. National Bankshares lowered their price target on shares of Canadian National Railway from C$190.00 to C$186.00 and set an "outperform" rating for the company in a report on Wednesday, July 24th. UBS Group lowered their price target on Canadian National Railway from C$202.00 to C$189.00 in a research report on Wednesday, July 24th. Finally, CIBC cut their price objective on Canadian National Railway from C$170.00 to C$160.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway currently has an average rating of "Hold" and an average target price of C$174.93.

View Our Latest Stock Report on Canadian National Railway

About Canadian National Railway

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Canadian National Railway (TSE:CNR)

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