Canadian National Railway (TSE:CNR) Director Buys C$87,448.44 in Stock

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI Director Shauneen Elizabeth Bruder acquired 627 shares of Canadian National Railway stock in a transaction on Wednesday, June 25th. The shares were bought at an average cost of C$139.47 per share, for a total transaction of C$87,448.44.

Canadian National Railway Stock Down 0.1%

Shares of Canadian National Railway stock traded down C$0.09 during trading on Friday, reaching C$141.65. The company's stock had a trading volume of 1,410,643 shares, compared to its average volume of 1,374,655. Canadian National Railway has a 1-year low of C$130.02 and a 1-year high of C$169.49. The company has a 50-day simple moving average of C$141.81 and a two-hundred day simple moving average of C$143.30. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. The company has a market cap of C$88.75 billion, a price-to-earnings ratio of 15.31, a P/E/G ratio of 3.38 and a beta of 0.65.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be paid a dividend of $0.8875 per share. This is an increase from Canadian National Railway's previous quarterly dividend of $0.85. This represents a $3.55 annualized dividend and a dividend yield of 2.51%. Canadian National Railway's payout ratio is presently 36.54%.

Wall Street Analyst Weigh In

CNR has been the topic of several recent analyst reports. National Bankshares reduced their target price on shares of Canadian National Railway from C$176.00 to C$170.00 and set an "outperform" rating on the stock in a research note on Thursday, April 3rd. CIBC increased their price objective on shares of Canadian National Railway from C$146.00 to C$155.00 in a research report on Thursday, May 22nd. Barclays decreased their price objective on shares of Canadian National Railway from C$150.00 to C$145.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. Royal Bank Of Canada set a C$163.00 target price on Canadian National Railway and gave the company an "outperform" rating in a research note on Thursday, June 5th. Finally, Susquehanna upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Canadian National Railway has a consensus rating of "Moderate Buy" and a consensus price target of C$159.79.

Canadian National Railway Company Profile

Canadian National's railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2019, CN delivered almost 6 million carloads over its 19,600 miles of track. CN generated roughly CAD 14 billion in total revenue by hauling intermodal containers (25% of consolidated revenue), petroleum and chemicals (21%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (6%), and coal (4%).