Canadian National Railway (TSE:CNR) (NYSE:CNI) Director James E. O’connor acquired 2,515 shares of Canadian National Railway stock in a transaction that occurred on Thursday, January 25th. The shares were bought at an average price of C$79.51 per share, with a total value of C$199,967.65.
Canadian National Railway (TSE:CNR) opened at C$96.35 on Thursday. Canadian National Railway has a 52 week low of C$91.55 and a 52 week high of C$108.64. The company has a market capitalization of $71,750.00, a PE ratio of 13.25 and a beta of 0.61.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Tuesday, January 23rd. The company reported C$1.20 EPS for the quarter, missing analysts’ consensus estimates of C$1.23 by C($0.03). Canadian National Railway had a net margin of 29.74% and a return on equity of 25.50%. The firm had revenue of C$3.29 billion during the quarter, compared to analysts’ expectations of C$3.29 billion.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 8th will be paid a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Wednesday, March 7th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.41. Canadian National Railway’s dividend payout ratio is 22.70%.
A number of brokerages have issued reports on CNR. Royal Bank of Canada cut their price objective on Canadian National Railway from C$115.00 to C$112.00 and set an “outperform” rating for the company in a report on Wednesday, January 24th. Scotiabank cut their target price on Canadian National Railway from C$115.00 to C$113.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 25th. JPMorgan Chase & Co. boosted their target price on Canadian National Railway from C$103.00 to C$109.00 in a research report on Thursday, January 11th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$111.00 target price on shares of Canadian National Railway in a research report on Wednesday, October 25th. Finally, Raymond James Financial lowered 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 report on Thursday, October 26th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of C$110.20.
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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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