Shauneen Elizabeth Bruder Acquires 488 Shares of Canadian National Railway (TSE:CNR) Stock

Canadian National Railway (TSE:CNR) (NYSE:CNI) Director Shauneen Elizabeth Bruder purchased 488 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was bought at an average price of C$177.40 per share, with a total value of C$86,571.20.

Shauneen Elizabeth Bruder also recently made the following trade(s):

• On Thursday, February 1st, Shauneen Elizabeth Bruder acquired 6,000 shares of Canadian National Railway stock. The shares were bought at an average cost of C$168.44 per share, with a total value of C$1,010,640.00.

Canadian National Railway Stock Up 1.0 %

Shares of Canadian National Railway stock opened at C$178.63 on Thursday. The stock has a 50-day simple moving average of C$173.17 and a 200-day simple moving average of C$161.72. Canadian National Railway has a 52-week low of C$143.13 and a 52-week high of C$181.34. The firm has a market cap of C$114.37 billion, a price-to-earnings ratio of 20.94, a P/E/G ratio of 2.06 and a beta of 0.66. The company has a debt-to-equity ratio of 93.89, a current ratio of 0.61 and a quick ratio of 0.58.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.96 by C$0.06. Canadian National Railway had a return on equity of 27.11% and a net margin of 33.43%. The company had revenue of C$4.47 billion during the quarter, compared to the consensus estimate of C$4.38 billion. On average, equities research analysts expect that Canadian National Railway will post 8.0022696 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th will be given a $0.845 dividend. This represents a $3.38 annualized dividend and a dividend yield of 1.89%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.79. The ex-dividend date is Wednesday, March 6th. Canadian National Railway’s dividend payout ratio is currently 39.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CNR shares. CIBC upped their price target on Canadian National Railway from C$177.00 to C$183.00 and gave the company a “neutral” rating in a research report on Wednesday. Desjardins lifted their price target on shares of Canadian National Railway from C$171.00 to C$189.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Royal Bank of Canada raised their target price on shares of Canadian National Railway from C$158.00 to C$164.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. BMO Capital Markets upped their target price on Canadian National Railway from C$175.00 to C$185.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Finally, Sanford C. Bernstein raised their price target on Canadian National Railway from C$187.00 to C$191.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$179.43.

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.