Albert Monaco Buys 7,400 Shares of Canadian National Railway (TSE:CNR) Stock

Canadian National Railway (TSE:CNR) (NYSE:CNI) Director Albert Monaco bought 7,400 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were acquired at an average cost of C$135.68 per share, for a total transaction of C$1,004,032.00. Following the completion of the transaction, the director owned 7,400 shares of the company’s stock, valued at approximately C$1,004,032. The trade was a ∞ increase in their position.

Canadian National Railway Stock Performance

Shares of CNR opened at C$144.93 on Monday. The company has a market capitalization of C$88.61 billion, a P/E ratio of 19.15, a P/E/G ratio of 3.38 and a beta of 1.08. Canadian National Railway has a one year low of C$126.11 and a one year high of C$154.63. The company has a debt-to-equity ratio of 101.25, a quick ratio of 0.58 and a current ratio of 0.67. The stock has a 50-day moving average price of C$143.06 and a 200 day moving average price of C$137.23.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings data on Friday, January 30th. The company reported C$2.08 earnings per share for the quarter. Canadian National Railway had a return on equity of 21.95% and a net margin of 27.28%.The firm had revenue of C$4.46 billion during the quarter. Sell-side analysts forecast that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.

Analysts Set New Price Targets

CNR has been the topic of several recent analyst reports. Sanford C. Bernstein upped their price target on shares of Canadian National Railway from C$156.00 to C$163.00 in a report on Tuesday, March 31st. Vertical Research raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Canadian Imperial Bank of Commerce boosted their target price on shares of Canadian National Railway from C$151.00 to C$154.00 in a research report on Thursday, January 8th. National Bank Financial cut their target price on shares of Canadian National Railway from C$150.00 to C$147.00 and set a “sector perform” rating on the stock in a research note on Monday, February 2nd. Finally, UBS Group cut shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$153.60.

Canadian National Railway Company Profile

CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.