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Insider for Canadian National Railway Sells 4,000 Shares

An insider for the Canadian National Railway company has sold 4,000 shares of the company’s stock. The transaction, which took place on September 16, saw the shares sold at an average of $75.54 Canadian. The total transaction was $302,176.00. On September 8, Finn had also sold an additional 2,000 shares of the business’s stock, with […]

Insider for Canadian National Railway Sells 4,000 Shares

container against a blue skyAn insider for the Canadian National Railway company has sold 4,000 shares of the company’s stock. The transaction, which took place on September 16, saw the shares sold at an average of $75.54 Canadian. The total transaction was $302,176.00.

On September 8, Finn had also sold an additional 2,000 shares of the business’s stock, with an average share costing about $72.19, totaling $144,372.00.

CN Railway shares reached $76.45 on September 21, a trade up of 2.33%. There were 1,272,897 shares exchanged to make those numbers happen. CN Railway has a price-to-earnings ratio of 18.91 and maintains a market capitalization of $60.95 billion. The one year low for the company’s shares is $68.81, while the high was $88.89.

The railroad company has recently been the subject of numerous analyst reports, one significant one being from BMO Capital Markets. BMO cut the price objective on CNR shares by $3, moving it down to $87.

They were also moved from an “outperform” rating down to a “market perform” rating in August reports. Canaccord Genuity and CIBC reduced and/or placed holds on CNR shares, while TD Securities increased their price target and placed a hold rating. CNR currently holds a buy rating of $83.46.

CNR also recently announced their quarterly dividend, due to be paid out on September 30, of $0.3125 per share.

The Canadian National Railway Company is involved in the rail transportation business. They are responsible for moving a large portion of the 17 million shipping containers in the world to their destination. Their network and connections give their customers access to Canada, the United States, and Mexico. Their freight revenue comes from seven commodity groups which represent numerous types of goods, which are transported between a range or origins and destinations.

Additionally, the Canadian National Railway Company has a network of about 20,000 miles of rail spanning across Canada and mid-America, down to the Gulf of Mexico. The major ports they serve are Vancouver, Prince Rupert, Montreal, Halifax, New Orleans, and Mobile, AL; the major cities they serve are Toronto, Buffalo, Chicago, Detroit, Duluth/Superior, Green Bay, Minneapolis/St. Paul, Memphis, and Jackson.

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Author: 1938 News

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