Canadian National Railway Director Acquires C$91,308.14 in Stock

Director Shauneen Elizabeth Bruder of Canadian National Railway (TSE:CNR - Get Free Report)(NYSE:CNI) made a move to enhance her stake in the company by purchasing 645 shares on March 26th. The acquisition was completed at an average price of C$141.56 per share, leading to a total investment of C$91,308.14.

Performance of Canadian National Railway Shares

During the trading session on Thursday, shares of Canadian National Railway declined by C$0.14, bringing their price to C$142.70. The trading volume for the day reached 1,159,963 shares, which is below the average volume of 1,281,763 shares. In recent trends, the company's 50-day simple moving average stood at C$145.17, whereas the 200-day simple moving average was C$150.51. Canadian National Railway boasts a market capitalization of C$89.41 billion and reports a price-to-earnings (P/E) ratio of 15.43. Other financial metrics include a P/E/G ratio of 3.38 and a beta of 0.65. Over the past year, the stock has seen a low of C$135.06 and a high of C$180.12, demonstrating significant fluctuations. Moreover, the company has a debt-to-equity ratio of 107.59, a quick ratio of 0.58, and a current ratio of 0.64.

Analyst Perspectives on Canadian National Railway

Various research firms have recently added their opinions regarding Canadian National Railway. On January 7th, JPMorgan Chase & Co. reaffirmed an 'outperform' rating for the stock. Following that, on January 30th, Scotiabank revised its price target for CNR shares from C$180.00 to C$178.00 in a research note. CIBC also adjusted their price objective from C$162.00 to C$157.00 and categorized the stock as 'neutral' in their analysis. Furthermore, Loop Capital shifted its rating from 'hold' to 'strong sell' on February 3rd. Barclays lowered their price target from C$162.00 to C$160.00 on January 17th. Regarding ratings, one analyst has designated a sell rating, four have given a hold rating, nine recommend buying the stock, and four analysts have reported a strong buy. Currently, MarketBeat highlights that the average rating for the stock is 'Moderate Buy' with an average price target of C$170.43.

Overview of Canadian National Railway

(Get Free Report) Canadian National Railway operates Canada’s largest rail network, extending from the west coast to the east coast, and further south to Chicago and the Gulf of Mexico. In 2019, the railway efficiently moved nearly 6 million carloads across its 19,600 miles of tracks. The company generated close to CAD 14 billion in total revenue from transporting various segments which include intermodal containers (25% of total revenue), petroleum and chemicals (21%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive (6%), and coal (4%).

Considerations for Investors

It is important for potential investors to conduct thorough research before making any investment decisions. Market analysts have flagged five stocks that may be more favorable compared to Canadian National Railway. These insights underline the significance of a comprehensive investment strategy and monitoring market trends for better financial outcomes.

Canada, Investing, Stocks