Insider Buying: Canadian National Railway (TSE:CNR) Director Buys 1,000 Shares of Stock

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI Director David Lund Freeman purchased 1,000 shares of the business's stock in a transaction dated Thursday, October 24th. The shares were bought at an average price of C$152.57 per share, with a total value of C$152,572.80.

Canadian National Railway Price Performance

Canadian National Railway stock traded up C$0.73 during mid-day trading on Friday, hitting C$154.25. 730,530 shares of the company were exchanged, compared to its average volume of 1,109,047. Canadian National Railway has a 12-month low of C$144.23 and a 12-month high of C$181.34. The company has a market capitalization of C$97.10 billion, a P/E ratio of 18.29, a PEG ratio of 3.38 and a beta of 0.65. The business's 50 day simple moving average is C$157.28 and its two-hundred day simple moving average is C$164.26. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI last posted its quarterly earnings data on Tuesday, July 23rd. The company reported C$1.84 EPS for the quarter, missing analysts' consensus estimates of C$1.93 by C($0.09). Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%. The company had revenue of C$4.33 billion for the quarter, compared to analysts' expectations of C$4.40 billion. Analysts forecast that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be paid a dividend of $0.845 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $3.38 annualized dividend and a dividend yield of 2.19%. Canadian National Railway's dividend payout ratio is currently 40.14%.

Analyst Ratings Changes

A number of brokerages recently commented on CNR. CIBC reduced their price objective on shares of Canadian National Railway from C$170.00 to C$160.00 and set a "neutral" rating for the company in a research report on Wednesday, September 11th. UBS Group lifted their price target on Canadian National Railway from C$189.00 to C$190.00 in a research note on Thursday. ATB Capital upped their price objective on Canadian National Railway from C$167.00 to C$168.00 in a report on Wednesday. BMO Capital Markets reduced their target price on Canadian National Railway from C$182.00 to C$178.00 and set an "outperform" rating for the company in a report on Wednesday, September 11th. Finally, Sanford C. Bernstein lowered their price target on shares of Canadian National Railway from C$179.00 to C$173.00 in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$171.07.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.