Canadian National Railway Company (TSE:CNR) (NYSE:CNI) Director Edith E. Holiday sold 6,441 shares of the stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of C$72.61, for a total transaction of C$467,681.01.
Shares of Canadian National Railway Company (TSE:CNR) opened at 96.16 on Tuesday. Canadian National Railway Company has a 1-year low of $72.78 and a 1-year high of $98.23. The firm has a market capitalization of $73.11 billion and a P/E ratio of 20.59. The stock has a 50 day moving average of $93.91 and a 200-day moving average of $89.48.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 10th will be paid a $0.4125 dividend. This is a boost from Canadian National Railway Company’s previous quarterly dividend of $0.38. This represents a $1.65 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, March 8th.
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A number of brokerages have issued reports on CNR. BMO Capital Markets increased their price objective on shares of Canadian National Railway Company from C$100.00 to C$105.00 in a research note on Wednesday, March 15th. Raymond James Financial, Inc. increased their price objective on shares of Canadian National Railway Company from C$104.00 to C$110.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 15th. Scotiabank reduced their price objective on shares of Canadian National Railway Company from C$105.00 to C$97.00 and set an “outperform” rating on the stock in a research note on Friday, March 3rd. Royal Bank of Canada increased their price objective on shares of Canadian National Railway Company from C$100.00 to C$102.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 25th. Finally, TD Securities reiterated a “hold” rating and set a C$96.00 price objective on shares of Canadian National Railway Company in a research note on Wednesday, January 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of C$96.29.
Canadian National Railway Company 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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