Janet Drysdale Sells 1,400 Shares of Canadian National Railway (TSE:CNR) Stock

Canadian National Railway (TSE:CNR) (NYSE:CNI) Senior Officer Janet Drysdale sold 1,400 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of C$130.35, for a total value of C$182,490.98. Following the completion of the transaction, the insider now owns 13,389 shares of the company’s stock, valued at C$1,745,265.52.

Shares of TSE:CNR opened at C$130.84 on Friday. Canadian National Railway has a twelve month low of C$92.01 and a twelve month high of C$132.17. The firm has a market cap of $92.87 billion and a PE ratio of 25.90. The company has a debt-to-equity ratio of 77.22, a quick ratio of 0.53 and a current ratio of 0.97. The business has a fifty day moving average of C$122.87 and a 200-day moving average of C$117.46.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be issued a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 1.76%. The ex-dividend date is Tuesday, September 8th. Canadian National Railway’s dividend payout ratio is 44.04%.

Several research firms have issued reports on CNR. Royal Bank of Canada increased their price objective on Canadian National Railway from C$107.00 to C$112.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 28th. CIBC increased their price objective on Canadian National Railway from C$125.00 to C$130.00 in a research note on Wednesday, July 22nd. BMO Capital Markets increased their price objective on Canadian National Railway from C$132.00 to C$140.00 in a research note on Wednesday, July 22nd. National Bank Financial increased their price objective on Canadian National Railway from C$122.00 to C$129.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 22nd. Finally, UBS Group raised their target price on Canadian National Railway from C$116.00 to C$132.00 in a research note on Wednesday, July 22nd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$124.91.

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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