Canadian National Railway Company (TSE:CNR) (NYSE:CNI) insider Michael A. Cory bought 115 shares of the stock in a transaction on Thursday, October 26th. The shares were acquired at an average cost of C$104.31 per share, for a total transaction of C$11,995.65.
Shares of Canadian National Railway Company (CNR) opened at 104.22 on Friday. The stock’s 50 day moving average price is $101.55 and its 200 day moving average price is $102.22. The firm has a market capitalization of $78.27 billion and a price-to-earnings ratio of 20.50. Canadian National Railway Company has a one year low of $82.85 and a one year high of $108.64.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be issued a dividend of $0.4125 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.58%.
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Several research firms have weighed in on CNR. Raymond James Financial, Inc. cut Canadian National Railway from an “outperform” rating to a “market perform” rating and set a C$115.00 target price on the stock. in a research note on Thursday. J P Morgan Chase & Co lowered their target price on Canadian National Railway from C$105.00 to C$104.00 in a research note on Wednesday. Royal Bank Of Canada lowered their target price on Canadian National Railway from C$114.00 to C$113.00 and set an “outperform” rating on the stock in a research note on Wednesday. National Bank Financial lifted their target price on Canadian National Railway from C$105.00 to C$108.00 and gave the company a “sector perform” rating in a research note on Wednesday. Finally, 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 Wednesday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Canadian National Railway has a consensus rating of “Buy” and a consensus price target of C$107.60.
Canadian National Railway Company Profile
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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