Canadian National Railway Company (CNR) Insider Sells C$2,579,733.36 in Stock
Canadian National Railway Company (TSE:CNR) (NYSE:CNI) insider Jean-Jacques Ruest sold 31,464 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of C$81.99, for a total value of C$2,579,733.36.
Canadian National Railway Company (CNR) traded down 0.17% during midday trading on Monday, reaching $100.90. The company had a trading volume of 917,178 shares. Canadian National Railway Company has a one year low of $82.85 and a one year high of $108.64. The company has a 50-day moving average price of $100.17 and a 200-day moving average price of $101.32. The stock has a market capitalization of $75.78 billion and a price-to-earnings ratio of 19.85.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Tuesday, July 25th. The company reported C$1.34 EPS for the quarter, beating analysts’ consensus estimates of C$1.31 by C$0.03. The business had revenue of C$3.33 billion during the quarter, compared to analyst estimates of C$3.22 billion. Canadian National Railway had a return on equity of 27.63% and a net margin of 30.97%. On average, equities analysts expect that Canadian National Railway Company will post $5.12 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a $0.4125 dividend. This represents a $1.65 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Thursday, September 7th.
A number of brokerages have recently issued reports on CNR. Scotiabank raised their price objective on Canadian National Railway from C$110.00 to C$115.00 and gave the stock an “outperform” rating in a research report on Thursday, June 15th. National Bank Financial decreased their target price on Canadian National Railway from C$108.00 to C$105.00 in a research note on Wednesday, September 13th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$111.00 target price on shares of Canadian National Railway in a research note on Monday, September 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$110.00 target price on shares of Canadian National Railway in a research note on Thursday, June 8th. Finally, Raymond James Financial, Inc. raised their target price on Canadian National Railway from C$112.00 to C$115.00 and gave the stock an “outperform” rating in a research note on Friday, June 16th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Canadian National Railway presently has an average rating of “Buy” and an average target price of C$103.91.
About Canadian National Railway
Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.
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