Shauneen Elizabeth Bruder Acquires 627 Shares of Canadian National Railway (TSE:CNR) Stock

Canadian National Railway (TSE:CNR) (NYSE:CNI) Director Shauneen Elizabeth Bruder purchased 627 shares of the stock in a transaction dated Wednesday, June 25th. The shares were purchased at an average cost of C$139.47 per share, for a total transaction of C$87,448.44.

Canadian National Railway Stock Down 0.1%

Shares of CNR opened at C$141.65 on Friday. The stock has a market capitalization of C$88.75 billion, a PE ratio of 15.31, a P/E/G ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 1 year low of C$130.02 and a 1 year high of C$169.49. The company has a debt-to-equity ratio of 107.59, a quick ratio of 0.58 and a current ratio of 0.64. The company’s 50-day simple moving average is C$141.81 and its 200-day simple moving average is C$143.33.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be given a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a dividend yield of 2.51%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.85. Canadian National Railway’s dividend payout ratio is currently 36.54%.

Wall Street Analysts Forecast Growth

CNR has been the topic of several research analyst reports. CIBC boosted their price objective on shares of Canadian National Railway from C$146.00 to C$155.00 in a report on Thursday, May 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Canadian National Railway from C$170.00 to C$162.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. National Bankshares reduced their price objective on shares of Canadian National Railway from C$176.00 to C$170.00 and set an “outperform” rating on the stock in a report on Thursday, April 3rd. Scotiabank boosted their price objective on shares of Canadian National Railway from C$160.00 to C$165.00 and gave the company an “outperform” rating in a report on Friday, June 6th. Finally, Susquehanna upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$159.79.

About Canadian National Railway

Canadian National’s railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2019, CN delivered almost 6 million carloads over its 19,600 miles of track. CN generated roughly CAD 14 billion in total revenue by hauling intermodal containers (25% of consolidated revenue), petroleum and chemicals (21%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (6%), and coal (4%).