Insider Buying: Canadian National Railway (TSE:CNR) Director Buys C$88,307.74 in Stock

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI Director Shauneen Elizabeth Bruder bought 608 shares of the stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of C$145.24 per share, for a total transaction of C$88,307.74.

Shauneen Elizabeth Bruder also recently made the following trade(s):

• On Wednesday, September 25th, Shauneen Elizabeth Bruder purchased 543 shares of Canadian National Railway stock. The stock was bought at an average price of C$157.53 per share, for a total transaction of C$85,539.88.

Canadian National Railway Trading Up 1.3 %

Shares of Canadian National Railway stock traded up C$1.90 during trading on Monday, reaching C$147.24. The company's stock had a trading volume of 1,054,775 shares, compared to its average volume of 1,140,524. The company has a market cap of C$92.69 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 3.38 and a beta of 0.65. The firm's 50-day moving average is C$153.20 and its two-hundred day moving average is C$158.01. Canadian National Railway has a 52-week low of C$143.72 and a 52-week high of C$181.34. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62.

Canadian National Railway Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be given a dividend of $0.845 per share. The ex-dividend date is Monday, December 9th. This represents a $3.38 annualized dividend and a yield of 2.30%. Canadian National Railway's payout ratio is currently 40.14%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CNR shares. Royal Bank of Canada raised Canadian National Railway from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from C$169.00 to C$179.00 in a research note on Thursday, October 10th. Scotiabank decreased their price target on shares of Canadian National Railway from C$187.00 to C$180.00 and set an "outperform" rating on the stock in a report on Wednesday, September 11th. ATB Capital increased their price objective on shares of Canadian National Railway from C$167.00 to C$168.00 in a research note on Wednesday, October 23rd. Raymond James decreased their target price on shares of Canadian National Railway from C$187.00 to C$180.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 11th. Finally, Desjardins dropped their price target on Canadian National Railway from C$181.00 to C$180.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$171.07.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.