Ghislain Houle Sells 5,741 Shares of Canadian National Railway (TSE:CNR) Stock

Canadian National Railway (TSE:CNR) (NYSE:CNI) Senior Officer Ghislain Houle sold 5,741 shares of Canadian National Railway stock in a transaction on Friday, November 1st. The stock was sold at an average price of C$150.82, for a total transaction of C$865,844.99.

Canadian National Railway Stock Performance

TSE CNR opened at C$156.45 on Thursday. The company has a market capitalization of C$98.49 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. Canadian National Railway has a twelve month low of C$149.22 and a twelve month high of C$181.34. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62. The business’s 50-day moving average price is C$157.08 and its 200 day moving average price is C$162.62.

Canadian National Railway Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have commented on CNR. Stephens upgraded shares of Canadian National Railway to a “hold” rating in a research note on Wednesday, July 24th. BMO Capital Markets reduced their price target on shares of Canadian National Railway from C$182.00 to C$178.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. CIBC dropped their price target 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. UBS Group lifted their target price on shares of Canadian National Railway from C$189.00 to C$190.00 in a report on Thursday, October 24th. Finally, Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$171.07.

About Canadian National Railway

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.