Canadian National Railway Director Acquires C$91,308 in Stock

On March 26th, Shauneen Elizabeth Bruder, a director at Canadian National Railway (TSE:CNR, NYSE:CNI), purchased 645 shares of the company’s stock. The transaction took place at an average price of C$141.56 per share, bringing the total investment to C$91,308.14.

Performance of Canadian National Railway Shares

As of Thursday, Canadian National Railway shares saw a slight decline of C$0.14 during mid-day trading, reaching a price of C$142.70. The trading volume for the day was 1,159,963 shares, which is lower than the company's average volume of 1,281,763 shares. The stock has a 50-day simple moving average of C$145.17 and a 200-day simple moving average of C$150.51. Canadian National Railway boasts a market capitalization of C$89.41 billion and holds a price-to-earnings ratio (P/E) of 15.43, with a P/E/G ratio of 3.38 and a beta of 0.65. Over the past year, the stock reached a low of C$135.06 and a high of C$180.12. The company’s debt-to-equity ratio stands at 107.59, while its quick ratio and current ratio are noted at 0.58 and 0.64, respectively.

Analysis from Wall Street Experts

Various research firms have recently expressed their views on Canadian National Railway. On January 7th, JPMorgan Chase & Co. reaffirmed an "outperform" rating for the company. However, Scotiabank lowered its price target for the stock from C$180.00 to C$178.00 on January 30th. CIBC also reduced their price objective from C$162.00 to C$157.00 and assigned a "neutral" rating. Additionally, Loop Capital changed their rating from "hold" to "strong sell" on February 3rd. Barclays cut their target price from C$162.00 to C$160.00. In total, one analyst has recommended a sell rating, four have given a hold rating, nine have issued a buy rating, and four analysts have categorically assigned a strong buy rating to the stock. According to MarketBeat, Canadian National Railway enjoys an average rating of "Moderate Buy" along with an average price target of C$170.43.

Overview of Canadian National Railway

Canadian National Railway operates a vast railway network which stretches coast-to-coast in Canada and reaches down through Chicago to the Gulf of Mexico. In its operations in 2019, Canadian National Railway delivered nearly 6 million carloads across its extensive 19,600 miles of track. The company generated approximately CAD 14 billion in total revenue, with the following breakdown: intermodal containers (25% of consolidated revenue), petroleum and chemicals (21%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (6%), and coal (4%).

Canadian, National, Railway