Canadian National Railway (TSE:CNR) Director Albert Monaco Buys 7,400 Shares of Stock

Key Points

• Director Albert Monaco purchased 7,400 shares on March 20 at C$135.68 each, a C$1,004,032 insider buy that now leaves him directly holding 7,400 shares.
• Shares closed at C$144.93; MarketBeat shows an average analyst rating of "Moderate Buy" with an average price target of C$153.60, implying roughly a ~6% upside from the current price.
• In the latest quarter CN reported C$2.08 EPS on C$4.46 billion revenue, with a 21.95% return on equity and a 27.28% net margin, indicating strong profitability.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI Director Albert Monaco purchased 7,400 shares of Canadian National Railway stock in a transaction that occurred on Friday, March 20th. The stock was purchased at an average price of C$135.68 per share, with a total value of C$1,004,032.00. Following the completion of the purchase, the director directly owned 7,400 shares in the company, valued at C$1,004,032. This trade represents a ∞ increase in their ownership of the stock.

Canadian National Railway Price Performance

TSE CNR remained flat at C$144.93 on Friday. The company's stock had a trading volume of 1,634,345 shares, compared to its average volume of 1,877,903. The company has a debt-to-equity ratio of 101.25, a quick ratio of 0.58 and a current ratio of 0.67. The stock's fifty day moving average is C$143.06 and its two-hundred day moving average is C$137.14. Canadian National Railway has a 52-week low of C$126.11 and a 52-week high of C$154.63. The stock has a market capitalization of C$88.61 billion, a P/E ratio of 19.15, a P/E/G ratio of 3.38 and a beta of 1.13.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI last posted its earnings results on Friday, January 30th. The company reported C$2.08 earnings per share for the quarter. The company had revenue of C$4.46 billion during the quarter. Canadian National Railway had a return on equity of 21.95% and a net margin of 27.28%. Research analysts predict that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on CNR. TD Securities dropped their price objective on shares of Canadian National Railway from C$166.00 to C$164.00 and set a "buy" rating for the company in a research note on Monday, February 2nd. BMO Capital Markets raised their target price on shares of Canadian National Railway from C$158.00 to C$169.00 in a report on Thursday, February 19th. Desjardins set a C$156.00 price target on shares of Canadian National Railway and gave the company a "buy" rating in a research report on Tuesday. JPMorgan Chase & Co. cut their price target on Canadian National Railway from C$149.00 to C$147.00 in a research note on Monday, February 2nd. Finally, UBS Group downgraded Canadian National Railway from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 2nd. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Canadian National Railway currently has an average rating of "Moderate Buy" and an average price target of C$153.60.

About Canadian National Railway

CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada's Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.