Canadian National Railway (TSE:CNR) Reaches New 12-Month Low – Here’s Why

Canadian National Railway (TSE:CNR) (NYSE:CNI)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$149.07 and last traded at C$149.48, with a volume of 206101 shares trading hands. The stock had previously closed at C$152.00.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CNR. Barclays decreased 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 note on Wednesday, September 25th. Desjardins dropped 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 report on Wednesday, October 23rd. Raymond James dropped their price objective on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. Wells Fargo & Company upgraded Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 7th. Finally, Scotiabank reduced their price objective on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$171.07.

Canadian National Railway Stock Up 0.2 %

The company has a market capitalization of C$94.07 billion, a PE ratio of 17.75, a P/E/G ratio of 3.38 and a beta of 0.65. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. The company has a 50-day moving average of C$156.11 and a two-hundred day moving average of C$161.19.

Canadian National Railway Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be given a $0.845 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $3.38 annualized dividend and a dividend yield of 2.26%. Canadian National Railway’s payout ratio is 40.14%.

Insider Activity

In related news, Director Shauneen Elizabeth Bruder acquired 543 shares of Canadian National Railway stock in a transaction on Wednesday, September 25th. The shares were bought at an average cost of C$157.53 per share, with a total value of C$85,539.88. Also, Director Susan C. Jones acquired 1,230 shares of Canadian National Railway stock in a transaction on Tuesday, September 17th. The shares were bought at an average cost of C$162.05 per share, for a total transaction of C$199,324.82. Insiders have acquired 4,559 shares of company stock worth $714,135 over the last ninety days. Corporate 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.