Canadian National Railway (NYSE:CNI) Hits New 1-Year Low – Time to Sell?

Canadian National Railway (NYSE:CNI) (TSE:CNR)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $102.64 and last traded at $102.64, with a volume of 1432 shares changing hands. The stock had previously closed at $102.77.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Stifel Nicolaus raised their target price on shares of Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Wells Fargo & Company upgraded shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 target price on the stock in a research report on Monday, October 7th. Susquehanna dropped their price target on shares of Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Bank of America downgraded shares of Canadian National Railway from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $129.00 to $122.00 in a research note on Friday, October 4th. Finally, Royal Bank of Canada raised shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Canadian National Railway presently has an average rating of “Hold” and a consensus price target of $125.86.

Canadian National Railway Stock Performance

The company has a market cap of $64.71 billion, a PE ratio of 16.47, a PEG ratio of 2.43 and a beta of 0.89. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. The business’s 50 day moving average is $110.40 and its two-hundred day moving average is $115.07.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.02. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The company had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the company earned $1.26 EPS. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities research analysts anticipate that Canadian National Railway will post 5.31 EPS for the current year.

Canadian National Railway Cuts Dividend

The business 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 $0.6108 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a yield of 2.38%. Canadian National Railway’s dividend payout ratio is currently 38.30%.

Institutional Investors Weigh In On Canadian National Railway

A number of hedge funds have recently bought and sold shares of CNI. National Bank of Canada FI increased its stake in Canadian National Railway by 46.5% in the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock worth $789,030,000 after purchasing an additional 2,137,948 shares during the period. Point72 Asset Management L.P. purchased a new position in Canadian National Railway in the 3rd quarter worth about $159,907,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Canadian National Railway by 4,614.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,336,027 shares of the transportation company’s stock valued at $157,896,000 after buying an additional 1,307,689 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Canadian National Railway by 4.4% during the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock valued at $2,175,935,000 after acquiring an additional 790,420 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its position in Canadian National Railway by 7.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock valued at $1,106,361,000 after purchasing an additional 674,536 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Company Profile

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.