Albert Monaco Acquires 7,400 Shares of Canadian National Railway (TSE:CNR) Stock

Canadian National Railway (TSE:CNR) (NYSE:CNI) Director Albert Monaco acquired 7,400 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average price of C$135.68 per share, with a total value of C$1,004,032.00. Following the completion of the transaction, the director owned 7,400 shares in the company, valued at C$1,004,032. This represents a ? increase in their ownership of the stock.

Canadian National Railway Price Performance

Shares of TSE CNR remained flat at C$144.93 during midday trading on Friday. 1,634,345 shares of the company’s stock were exchanged, compared to its average volume of 1,877,903. The company’s 50 day moving average price is C$143.06 and its 200-day moving average price is C$137.14. The stock has a market capitalization of C$88.61 billion, a PE ratio of 19.15, a P/E/G ratio of 3.38 and a beta of 1.13. The company has a current ratio of 0.67, a quick ratio of 0.58 and a debt-to-equity ratio of 101.25. Canadian National Railway has a 12-month low of C$126.11 and a 12-month high of C$154.63.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Friday, January 30th. The company reported C$2.08 EPS for the quarter. Canadian National Railway had a return on equity of 21.95% and a net margin of 27.28%.The company had revenue of C$4.46 billion during the quarter. On average, equities research analysts anticipate that Canadian National Railway will post 8.2610275 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CNR shares. BMO Capital Markets lifted their price target on Canadian National Railway from C$158.00 to C$169.00 in a research note on Thursday, February 19th. UBS Group downgraded Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. JPMorgan Chase & Co. dropped their price objective on shares of Canadian National Railway from C$149.00 to C$147.00 in a report on Monday, February 2nd. Scotiabank reduced their target price on shares of Canadian National Railway from C$163.00 to C$155.00 and set an “outperform” rating on the stock in a report on Monday, February 2nd. Finally, ATB Cormark Capital Markets decreased their price target on shares of Canadian National Railway from C$153.00 to C$146.00 and set a “sector perform” rating for the company in a research report on Monday, February 2nd. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$153.60.

About Canadian National Railway

CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.