Canadian National Railway Company (CNR.TO) (TSE:CNR) Share Price Crosses Above 200 Day Moving Average of $128.06

Samuel Edwards

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Canadian National Railway Company (CNR.TO) (TSE:CNR) (NYSE:CNI)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $128.06 and traded as high as $135.76. Canadian National Railway Company (CNR.TO) shares last traded at $135.59, with a volume of 954,952 shares trading hands.

A number of research analysts have issued reports on the stock. UBS Group cut their target price on shares of Canadian National Railway Company (CNR.TO) from C$150.00 to C$148.00 in a research report on Wednesday, October 21st. TD Securities lifted their price objective on shares of Canadian National Railway Company (CNR.TO) from C$155.00 to C$165.00 and gave the stock a “buy” rating in a research note on Wednesday, October 21st. Scotiabank upped their target price on shares of Canadian National Railway Company (CNR.TO) from C$137.00 to C$152.00 in a research note on Friday, October 9th. Royal Bank of Canada reduced their price target on shares of Canadian National Railway Company (CNR.TO) from C$145.00 to C$144.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 21st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Canadian National Railway Company (CNR.TO) from C$154.00 to C$150.00 in a report on Wednesday, October 21st. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of C$137.18.

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The stock has a market capitalization of $96.30 billion and a price-to-earnings ratio of 28.44. The company has a current ratio of 1.05, a quick ratio of 0.59 and a debt-to-equity ratio of 73.63. The stock’s 50 day moving average is C$140.92 and its two-hundred day moving average is C$128.06.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 9th will be paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Tuesday, December 8th. Canadian National Railway Company (CNR.TO)’s payout ratio is presently 47.45%.

In related news, Senior Officer Sean Finn sold 6,588 shares of the company’s stock in a transaction on Friday, October 23rd. The shares were sold at an average price of C$137.71, for a total value of C$907,251.93. Following the completion of the transaction, the insider now directly owns 15,613 shares of the company’s stock, valued at approximately C$2,150,109.95. Also, Senior Officer James Barry Cairns sold 1,963 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of C$137.93, for a total transaction of C$270,764.05. Following the completion of the transaction, the insider now directly owns 3,718 shares of the company’s stock, valued at C$512,837.87. Over the last ninety days, insiders sold 36,242 shares of company stock valued at $5,067,610.

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About Canadian National Railway Company (CNR.TO) (TSE:CNR)

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company’s portfolio of goods comprises petroleum and chemicals, fertilizers, coal, metals and minerals, forest products, grain, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

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