Canadian National Railway (TSE:CNR) Hits New 52-Week Low – Here’s What Happened

Canadian National Railway (TSE:CNR) (NYSE:CNI)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$138.65 and last traded at C$138.65, with a volume of 928803 shares trading hands. The stock had previously closed at C$141.72.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CNR. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Scotiabank reduced their price objective on Canadian National Railway from C$180.00 to C$178.00 in a research note on Thursday, January 30th. Barclays dropped their target price on shares of Canadian National Railway from C$162.00 to C$160.00 in a report on Friday, January 17th. TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and dropped their target price for the stock from C$175.00 to C$170.00 in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. reiterated an “outperform” rating on shares of Canadian National Railway in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$170.64.

Canadian National Railway Stock Up 1.3 %

The stock has a market capitalization of C$87.25 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. The company’s fifty day moving average price is C$146.42 and its 200-day moving average price is C$151.65.

Insider Activity at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder purchased 608 shares of Canadian National Railway stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average price of C$145.24 per share, with a total value of C$88,307.74. 2.64% of the stock is owned by insiders.

About Canadian National Railway

Canadian National’s railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2019, CN delivered almost 6 million carloads over its 19,600 miles of track. CN generated roughly CAD 14 billion in total revenue by hauling intermodal containers (25% of consolidated revenue), petroleum and chemicals (21%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (6%), and coal (4%).