Michael A. Cory Buys 115 Shares of Canadian National Railway Company (CNR) Stock
Canadian National Railway Company (TSE:CNR) (NYSE:CNI) insider Michael A. Cory acquired 115 shares of Canadian National Railway stock in a transaction that occurred on Thursday, October 26th. The stock was bought at an average cost of C$104.31 per share, with a total value of C$11,995.65.
Shares of Canadian National Railway Company (CNR) traded down 0.31% during midday trading on Friday, reaching $104.22. 1,281,574 shares of the company’s stock were exchanged. The company has a market capitalization of $78.27 billion and a PE ratio of 20.50. Canadian National Railway Company has a 1-year low of $82.85 and a 1-year high of $108.64. The firm has a 50-day moving average of $101.24 and a 200-day moving average of $102.17.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings results on Tuesday, July 25th. The company reported C$1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.31 by C$0.03. The business had revenue of C$3.33 billion for the quarter, compared to analysts’ expectations of C$3.22 billion. Canadian National Railway had a return on equity of 27.63% and a net margin of 30.97%. Equities analysts expect that Canadian National Railway Company will post $5.07 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be issued a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 1.58%. The ex-dividend date is Thursday, December 7th.
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CNR has been the subject of several research analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$110.00 price objective on shares of Canadian National Railway in a report on Friday, September 8th. Scotiabank reaffirmed an “outperform” rating and issued a C$115.00 price objective on shares of Canadian National Railway in a report on Monday, September 11th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$111.00 price objective on shares of Canadian National Railway in a report on Monday, September 11th. National Bank Financial reduced their price objective on shares of Canadian National Railway from C$108.00 to C$105.00 in a report on Wednesday, September 13th. Finally, CIBC reduced their price objective on shares of Canadian National Railway from C$111.00 to C$110.00 in a report on Tuesday, September 26th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Canadian National Railway currently has an average rating of “Buy” and a consensus price target of C$107.60.
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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