Insider Selling: Canadian National Railway Company (CNR) Insider Sells C$1,139,995.00 in Stock
Canadian National Railway Company (TSE:CNR) (NYSE:CNI) insider Sean Finn sold 11,500 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of C$99.13, for a total transaction of C$1,139,995.00.
Sean Finn also recently made the following trade(s):
- On Friday, July 28th, Sean Finn sold 15,425 shares of Canadian National Railway stock. The stock was sold at an average price of C$98.46, for a total transaction of C$1,518,745.50.
Canadian National Railway Company (TSE:CNR) opened at 98.64 on Friday. The company has a market capitalization of $74.08 billion and a PE ratio of 19.40. Canadian National Railway Company has a 52-week low of $81.95 and a 52-week high of $108.64. The firm’s 50-day moving average is $100.03 and its 200-day moving average is $101.09.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Tuesday, July 25th. The company reported C$1.34 EPS for the quarter, beating analysts’ consensus estimates of C$1.31 by C$0.03. The business had revenue of C$3.33 billion during the quarter, compared to analyst estimates of C$3.22 billion. Canadian National Railway had a return on equity of 27.63% and a net margin of 30.97%. On average, equities research analysts forecast that Canadian National Railway Company will post $5.12 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Thursday, September 7th.
Several research firms recently weighed in on CNR. Scotiabank raised their target price on shares of Canadian National Railway from C$110.00 to C$115.00 and gave the company an “outperform” rating in a research note on Thursday, June 15th. National Bank Financial decreased their target price on shares of Canadian National Railway from C$108.00 to C$105.00 in a research note on Wednesday. BMO Capital Markets reissued an “outperform” rating and issued a C$111.00 target price on shares of Canadian National Railway in a research note on Monday. Royal Bank Of Canada reissued an “outperform” rating and issued a C$110.00 target price on shares of Canadian National Railway in a research note on Thursday, June 8th. Finally, Raymond James Financial, Inc. raised their target price on shares of Canadian National Railway from C$112.00 to C$115.00 and gave the company an “outperform” rating in a research note on Friday, June 16th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of C$103.91.
About Canadian National Railway
Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.
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