Canadian National Railway (CNR) Sets New 52-Week High at $127.54

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$127.54 and last traded at C$127.37, with a volume of 503277 shares traded. The stock had previously closed at C$124.66.

CNR has been the subject of a number of analyst reports. Raymond James reissued an “outperform” rating and issued a C$125.00 price objective on shares of Canadian National Railway in a research note on Wednesday, January 30th. TD Securities increased their price objective on shares of Canadian National Railway from C$125.00 to C$130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 30th. JPMorgan Chase & Co. increased their price objective on shares of Canadian National Railway from C$116.00 to C$119.00 in a research note on Wednesday, January 30th. CIBC increased their price objective on shares of Canadian National Railway from C$118.00 to C$119.00 in a research note on Wednesday, January 30th. Finally, BMO Capital Markets set a C$116.00 price objective on shares of Canadian National Railway and gave the stock a “market perform” rating in a research note on Thursday, January 31st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of C$126.80.

The company has a debt-to-equity ratio of 79.87, a quick ratio of 0.40 and a current ratio of 0.75. The company has a market capitalization of $90.27 billion and a PE ratio of 21.35.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $0.538 per share. This represents a $2.15 annualized dividend and a yield of 1.69%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, June 6th. Canadian National Railway’s dividend payout ratio (DPR) is presently 31.92%.

In related news, Senior Officer Janet Drysdale sold 430 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of C$124.65, for a total transaction of C$53,599.80. Following the completion of the transaction, the insider now directly owns 14,551 shares of the company’s stock, valued at C$1,813,792.34. Also, Senior Officer Sean Finn sold 12,300 shares of the firm’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of C$113.59, for a total transaction of C$1,397,166.84. Following the transaction, the insider now directly owns 20,835 shares of the company’s stock, valued at C$2,366,664.32. Insiders have sold 35,021 shares of company stock valued at $4,041,543 over the last ninety days.

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About Canadian National Railway (TSE:CNR)

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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