Canadian National Railway Company (TSE:CNR) (NYSE:CNI) insider Kimberley A. Madigan sold 1,592 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of C$78.58, for a total value of C$125,099.36.
Canadian National Railway Company (TSE CNR) traded up 1.77% during trading on Friday, hitting $107.57. The stock had a trading volume of 6,605,842 shares. Canadian National Railway Company has a 1-year low of $72.78 and a 1-year high of $108.21. The company has a market capitalization of $81.33 billion and a P/E ratio of 22.25. The stock’s 50-day moving average price is $103.06 and its 200-day moving average price is $96.27.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 9th will be given a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Wednesday, June 7th.
A number of brokerages have recently issued reports on CNR. Raymond James Financial, Inc. boosted their price objective on Canadian National Railway Company from C$112.00 to C$115.00 and gave the company an “outperform” rating in a research note on Friday. Scotiabank boosted their price objective on Canadian National Railway Company from C$110.00 to C$115.00 and gave the company an “outperform” rating in a research note on Thursday. BMO Capital Markets reissued an “outperform” rating and issued a C$111.00 price objective on shares of Canadian National Railway Company in a research note on Thursday. Royal Bank of Canada reissued an “outperform” rating and issued a C$110.00 price objective on shares of Canadian National Railway Company in a research note on Thursday, June 8th. Finally, CIBC boosted their price objective on Canadian National Railway Company from C$100.00 to C$105.00 in a research note on Tuesday, April 25th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Canadian National Railway Company currently has a consensus rating of “Hold” and an average price target of C$102.42.
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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