Canadian National Railway (TSE:CNR) (NYSE:CNI) insider Michael A. Cory sold 3,518 shares of Canadian National Railway stock in a transaction on Wednesday, May 23rd. The stock was sold at an average price of C$107.59, for a total transaction of C$378,501.62.
CNR traded up C$1.13 on Friday, reaching C$109.11. The company had a trading volume of 703,890 shares, compared to its average volume of 1,374,115. Canadian National Railway has a 1 year low of C$90.84 and a 1 year high of C$109.84.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Monday, April 23rd. The company reported C$1.00 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.02 by C($0.02). Canadian National Railway had a net margin of 79.48% and a return on equity of 65.99%. The company had revenue of C$3.19 billion during the quarter, compared to analysts’ expectations of C$3.17 billion.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 8th will be issued a $0.455 dividend. The ex-dividend date is Thursday, June 7th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.67%.
Several equities research analysts have recently issued reports on the stock. Raymond James lifted their price objective on shares of Canadian National Railway from C$110.00 to C$114.00 and gave the stock an “outperform” rating in a research report on Friday, May 18th. CIBC cut shares of Canadian National Railway from an “outperform” rating to a “neutral” rating and set a C$105.00 price target for the company. in a research report on Tuesday, May 1st. Barclays reduced their price target on shares of Canadian National Railway from C$110.00 to C$101.00 in a research report on Wednesday, April 18th. Royal Bank of Canada boosted their price target on shares of Canadian National Railway from C$105.00 to C$107.00 and gave the company an “outperform” rating in a research report on Tuesday, April 24th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a C$108.00 price target on shares of Canadian National Railway in a research report on Tuesday, April 24th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Canadian National Railway has a consensus rating of “Buy” and a consensus target price of C$108.09.
About Canadian National Railway
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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