Canadian National Railway (TSE:CNR) Sets New 1-Year Low – What’s Next?

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) hit a new 52-week low during trading on Monday . The company traded as low as C$143.30 and last traded at C$143.43, with a volume of 65600 shares. The stock had previously closed at C$144.15.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CNR shares. TD Securities lowered their target price on Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Desjardins lowered their price objective 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. Barclays cut their target price on Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating on the stock in a research report on Wednesday, September 25th. Sanford C. Bernstein decreased their price target on shares of Canadian National Railway from C$179.00 to C$173.00 in a research report on Wednesday, October 9th. Finally, Citigroup raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$171.07.

Canadian National Railway Stock Performance

The company has a market capitalization of C$90.56 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 3.38 and a beta of 0.65. The stock has a 50 day simple moving average of C$150.69 and a 200 day simple moving average of C$155.69. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were given a dividend of $0.845 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $3.38 dividend on an annualized basis and a yield of 2.35%. Canadian National Railway’s dividend payout ratio is currently 40.14%.

Insiders Place Their Bets

In other Canadian National Railway news, Director Josephine Ann Marie Depass Olsovsky acquired 1,786 shares of the stock in a transaction dated Wednesday, November 6th. The shares were bought at an average price of C$154.93 per share, with a total value of C$276,697.30. Also, Director David Lund Freeman bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was acquired at an average price of C$152.57 per share, for a total transaction of C$152,572.80. Insiders have purchased 6,694 shares of company stock valued at $1,005,958 over the last three months. Company insiders own 2.64% of the company’s stock.

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.