Donald K. Reardon Sells 9,280 Shares in Canadian National Railway (TSE:CNR) | So Good News

Canadian National Railway (TSE:CNR – Get Rating) (NYSE:CNI) Senior Officer Donald K. Reardon sold 9,280 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of C$168.25, for a total value of C$1,561,341.33. After the completion of the transaction, the insider now directly owns 20,531 shares of the company’s shares, valued at approx. C$3,454,299.44.

Canadian National Railway shares up 0.3%

Shares of CNR traded up C$0.45 during trading hours on Thursday, reaching C$169.14. The stock had a trading volume of 234,753 shares, compared to its average volume of 1,239,620. Canadian National Railway has a 12 month low of C$137.26 and a 12 month high of C$171.48. The firm has a 50-day simple moving average of C$157.04 and a 200-day simple moving average of C$152.99. The company has a debt ratio of 1.01, a quick ratio of 0.58 and a debt ratio of 71.59. The company has a market cap of C$114.66 billion and a price-to-earnings ratio of 23.23.

Canadian National Railway increases dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Thursday, December 8th will be issued a $0.733 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.73. This represents an annualized dividend of $2.93 and a yield of 1.73%. The ex-dividend date is Wednesday 7 December. Canadian National Railway’s dividend payout ratio (DPR) is currently 37.02%.

Wall Street analyst weighs in

CNR has been the subject of several recent research reports. Scotiabank boosted their price objective on Canadian National Railway from C$156.00 to C$159.00 in a research note on Wednesday, October 26th. Evercore ISI downgraded shares of Canadian National Railway to a “hold” rating and set a C$129.00 target price for the company. in a research report on Monday, August 22nd. Barclays upped their target price on shares of Canadian National Railway from C$150.00 to C$160.00 in a research report on Wednesday, October 26th. BMO Capital Markets boosted their target price on shares of Canadian National Railway from C$170.00 to C$180.00 in a research report on Wednesday, October 26th. Finally, National Bankshares boosted their target price on shares of Canadian National Railway from C$166.00 to C$173.00 in a research report on Thursday, September 22nd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$157.28.

About the Canadian National Railway

(Get rating)

The Canadian National Railway Company, together with its subsidiaries, engages in railway and related transportation activities. The company’s portfolio of commodities includes petroleum and chemicals, grains and fertilizers, coal, metals and minerals, forest products, intermodal and automotive products serving exporters, importers, retailers, farmers and manufacturers.

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