Canadian National Railway (TSE:CNR) Director David Lund Freeman Acquires 1,000 Shares of Stock

Canadian National Railway (TSE:CNR) (NYSE:CNI) Director David Lund Freeman bought 1,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was purchased at an average price of C$152.57 per share, with a total value of C$152,572.80.

Canadian National Railway Price Performance

Shares of CNR stock traded up C$0.98 during midday trading on Friday, reaching C$154.50. 336,802 shares of the company were exchanged, compared to its average volume of 1,107,123. The company’s 50 day moving average price is C$157.28 and its two-hundred day moving average price is C$164.26. The company has a market cap of C$97.26 billion, a P/E ratio of 18.29, a PEG ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 12 month low of C$144.23 and a 12 month 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.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%. The firm had revenue of C$4.33 billion during the quarter, compared to analyst estimates of C$4.40 billion. On average, sell-side analysts expect that Canadian National Railway will post 8.2610275 earnings per share for the current year.

Canadian National Railway Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders 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 yield of 2.19%. 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

A number of equities analysts have commented on the stock. Sanford C. Bernstein decreased their price objective on shares of Canadian National Railway from C$179.00 to C$173.00 in a report on Wednesday, October 9th. 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 for the company in a research report on Tuesday, October 8th. UBS Group raised their target price on shares of Canadian National Railway from C$189.00 to C$190.00 in a report on Thursday. Citigroup upped their target price on Canadian National Railway from C$125.00 to C$126.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, BMO Capital Markets cut their price target 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, 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.