Canadian National Railway (TSE:CNR) Reaches New 52-Week Low – What’s Next?

Canadian National Railway (TSE:CNR) (NYSE:CNI) shares reached a new 52-week low on Monday . The stock traded as low as C$149.85 and last traded at C$149.87, with a volume of 217733 shares. The stock had previously closed at C$150.98.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. 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. Citigroup upped their price target on shares of Canadian National Railway from C$125.00 to C$126.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Stephens raised Canadian National Railway to a “hold” rating in a report on Wednesday, July 24th. TD Securities lowered their price objective 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. Finally, JPMorgan Chase & Co. decreased their price target on Canadian National Railway from C$176.00 to C$169.00 and set a “neutral” rating for the company in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway presently has an average rating of “Moderate Buy” and an average price target of C$171.07.

Canadian National Railway Trading Down 0.5 %

The firm has a 50 day moving average of C$157.24 and a 200 day moving average of C$163.04. The firm has a market cap of C$94.58 billion, a PE ratio of 17.82, a P/E/G ratio of 3.38 and a beta of 0.65. 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 issued a $0.845 dividend. This represents a $3.38 annualized dividend and a yield of 2.25%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s payout ratio is 40.14%.

Insiders Place Their Bets

In related news, Director David Lund Freeman bought 1,000 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was acquired at an average cost of C$152.57 per share, for a total transaction of C$152,572.80. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 543 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were purchased at an average cost of C$157.53 per share, with a total value of C$85,539.88. Also, Director David Lund Freeman bought 1,000 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was bought at an average cost of C$152.57 per share, for a total transaction of C$152,572.80. Insiders have acquired 2,773 shares of company stock worth $437,437 in the last ninety days. 2.64% of the stock is currently owned by insiders.

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.