Insider Buying: Canadian National Railway (TSE:CNR) Director Buys 627 Shares of Stock

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI Director Shauneen Elizabeth Bruder purchased 627 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was acquired at an average cost of C$139.47 per share, with a total value of C$87,448.44.

Canadian National Railway Trading Up 1.9%

Shares of Canadian National Railway stock traded up C$2.60 during trading on Thursday, hitting C$141.74. The stock had a trading volume of 2,621,643 shares, compared to its average volume of 1,365,570. Canadian National Railway has a 1 year low of C$130.02 and a 1 year high of C$169.49. The stock has a 50 day simple moving average of C$141.63 and a 200 day simple moving average of C$143.46. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. The company has a market capitalization of C$88.80 billion, a PE ratio of 15.32, a P/E/G ratio of 3.38 and a beta of 0.65.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be given a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a yield of 2.50%. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.85. Canadian National Railway's dividend payout ratio (DPR) is presently 36.54%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Canadian National Railway from C$170.00 to C$162.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. CIBC boosted their target price on Canadian National Railway from C$146.00 to C$155.00 in a report on Thursday, May 22nd. BMO Capital Markets decreased their price target on Canadian National Railway from C$175.00 to C$168.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Scotiabank lifted their price target on Canadian National Railway from C$160.00 to C$165.00 and gave the company an "outperform" rating in a research report on Friday, June 6th. Finally, Desjardins cut their price objective on Canadian National Railway from C$169.00 to C$160.00 and set a "buy" rating for the company in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$159.79.

About Canadian National Railway

Canadian National's railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2019, CN delivered almost 6 million carloads over its 19,600 miles of track. CN generated roughly CAD 14 billion in total revenue by hauling 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%).