Canadian National Railway (TSE:CNR) Director Buys C$85,539.88 in Stock

Canadian National Railway (TSE:CNR) (NYSE:CNI) Director Shauneen Elizabeth Bruder purchased 543 shares of the stock in a transaction dated Wednesday, September 25th. The shares were acquired at an average price of C$157.53 per share, with a total value of C$85,539.88.

Canadian National Railway Stock Performance

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 has a one year low of C$143.13 and a one year high of C$181.34. The firm has a fifty day moving average of C$158.12 and a 200 day moving average of C$166.41. The company has a market capitalization of C$99.05 billion, a price-to-earnings ratio of 18.68, a P/E/G ratio of 2.06 and a beta of 0.65.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly 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 net margin of 32.02% and a return on equity of 27.41%. The company had revenue of C$4.33 billion during the quarter, compared to the consensus estimate of C$4.40 billion. On average, sell-side analysts anticipate that Canadian National Railway will post 8.4685501 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a $0.845 dividend. This represents a $3.38 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend was Friday, September 6th. Canadian National Railway’s payout ratio is currently 40.14%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CNR. JPMorgan Chase & Co. lowered their price target on shares of Canadian National Railway from C$180.00 to C$176.00 in a research report on Wednesday, July 24th. BMO Capital Markets lowered 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. Sanford C. Bernstein cut shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$195.00 to C$179.00 in a research report on Monday, July 8th. National Bank Financial upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 26th. Finally, Raymond James lowered their price target on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$174.71.

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.