Canadian National Railway Company (CNR) Insider Sells C$202,818.00 in Stock

Canadian National Railway Company (TSE:CNR) (NYSE:CNI) insider Michael A. Cory sold 2,100 shares of the business’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of C$96.58, for a total value of C$202,818.00.

Shares of Canadian National Railway Company (TSE:CNR) opened at 96.16 on Tuesday. Canadian National Railway Company has a 12-month low of $72.78 and a 12-month high of $98.23. The firm’s 50-day moving average price is $93.91 and its 200-day moving average price is $89.48. The stock has a market cap of $73.11 billion and a price-to-earnings ratio of 20.59.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 10th will be issued a $0.4125 dividend. This is an increase from Canadian National Railway Company’s previous quarterly dividend of $0.38. The ex-dividend date is Wednesday, March 8th. This represents a $1.65 dividend on an annualized basis and a yield of 1.72%.

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A number of brokerages recently issued reports on CNR. Scotiabank boosted their price target on Canadian National Railway Company from C$94.00 to C$97.00 and gave the company a “sector perform” rating in a report on Wednesday, January 25th. Raymond James Financial, Inc. boosted their price target on Canadian National Railway Company from C$104.00 to C$110.00 and gave the company an “outperform” rating in a report on Wednesday, March 15th. BMO Capital Markets boosted their price target on Canadian National Railway Company from C$100.00 to C$105.00 in a report on Wednesday, March 15th. TD Securities reiterated a “hold” rating and issued a C$96.00 price target on shares of Canadian National Railway Company in a report on Wednesday, January 25th. Finally, Desjardins boosted their price target on Canadian National Railway Company from C$92.00 to C$97.00 in a report on Monday, January 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Canadian National Railway Company presently has a consensus rating of “Hold” and a consensus price target of C$96.29.

About Canadian National Railway Company

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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