Susan C. Jones Buys 1,230 Shares of Canadian National Railway (TSE:CNR) Stock

Canadian National Railway (TSE:CNR) (NYSE:CNI) Director Susan C. Jones bought 1,230 shares of Canadian National Railway stock in a transaction dated Tuesday, September 17th. The stock was purchased at an average cost of C$162.05 per share, for a total transaction of C$199,324.82.

Canadian National Railway Stock Up 1.3 %

Canadian National Railway stock opened at C$161.37 on Friday. The business has a fifty day moving average of C$158.95 and a two-hundred day moving average of C$166.99. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62. The firm has a market cap of C$101.58 billion, a P/E ratio of 19.17, a P/E/G ratio of 2.06 and a beta of 0.65. Canadian National Railway has a twelve month low of C$143.13 and a twelve month high of C$181.34.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted 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). The company had revenue of C$4.33 billion for the quarter, compared to analysts’ expectations of C$4.40 billion. Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%. On average, analysts forecast that Canadian National Railway will post 8.8716518 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.845 per share. The ex-dividend date is Friday, September 6th. This represents a $3.38 dividend on an annualized basis and a yield of 2.09%. Canadian National Railway’s dividend payout ratio is currently 40.14%.

Analyst Upgrades and Downgrades

CNR has been the subject of several recent research reports. Sanford C. Bernstein lowered Canadian National Railway from an “outperform” rating to a “market perform” rating and dropped 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 Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 26th. Wells Fargo & Company upgraded Canadian National Railway to a “hold” rating in a research report on Wednesday, July 24th. Raymond James dropped their price target on 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. Finally, ATB Capital dropped their price target on Canadian National Railway from C$177.00 to C$167.00 in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway presently has an average rating of “Hold” and a consensus price target of C$174.93.

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.