Canadian National Railway (TSE: CNR) (NYSE: CNI) announced a quarterly dividend on Monday, April 26, Zacks reports. Shareholders of record on Wednesday June 9th will receive a dividend of 0.615 per share on Wednesday June 30th. This equates to an annualized dividend of $ 2.46 and a dividend yield of 1.83%. The ex-dividend day is Tuesday, June 8th.
The Canadian National Railway’s inventory opened Wednesday at $ 134.29. The Canadian National Railway has a fifty-two week low of $ 108.78 and a fifty-two week high of $ 149.44. The company has a leverage ratio of 67.80, a fast rate of 0.52, and a current rate of 0.95. The company has a market capitalization of $ 95.08 billion and a P / E ratio of 26.78. The stock has a 50-day simple moving average of $ 145.05 and a 200-day simple moving average of $ 141.03.
The Canadian National Railway (TSE: CNR) (NYSE: CNI) last released its results on Tuesday, January 26th. The company reported earnings of $ 1.43 per share for the quarter, beating Thomson Reuters’ consensus estimate of $ 1.40 by $ 0.03. The company posted revenue of $ 3.66 billion for the quarter, compared to analyst expectations of $ 3.62 billion. Analysts as a group predict that Canadian National Railway will achieve earnings per share of 6.2915347 this year.
In related news, Senior Officer Sean Finn sold 5,000 shares in the company in a transaction that happened on Friday, Jan. 29. The stock was sold at an average price of $ 129.42 for a total value of $ 647,080. Following the sale, the Insider now holds 15,613 shares in the company valued at approximately $ 2,020,572.01. In addition, on Friday, January 29, director Donald Carty acquired 2,860 shares of the stock. The stock was purchased at an average price of $ 133.54 per share for a total transaction of $ 381,926.04. Following the acquisition, the director now holds 72,866 shares in the company valued at $ 9,730,567.32. In the past 90 days, insiders have sold 11,015 shares in the company, valued at $ 1,518,026.
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Several analysts recently rated CNR shares. National Bankshares raised its target price for Canadian National Railway from C $ 137.00 to C $ 147.00 and rated the company as “Outperform” in a report on Wednesday March 31st. Scotiabank lowered its price target for the Canadian National Railway on Wednesday, April 21, in a Research Note from C $ 145.00 to C $ 143.00. The UBS Group lowered its target price for the Canadian National Railway on Wednesday, January 27, in a research note from C $ 148.00 to C $ 141.00. TD Securities lowered its target price for the Canadian National Railway from C $ 165.00 to C $ 160.00 and issued a buy rating for the company in a research note on Wednesday, January 27th. Finally, CIBC lowered the price target for the Canadian National Railway from C $ 148.00 to C $ 146.00 and set a “neutral” rating for the company in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and five with a buy rating. The Canadian National Railway currently has an average rating of “Buy” and a consensus target of $ 143.31.
Via the Canadian National Railway
The Canadian National Railway Company, together with its subsidiaries, operates in the rail and related transportation business. The product portfolio includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal products and automotive products for exporters, importers, retailers, farmers and manufacturers.
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