Canadian National Railway (NYSE:CNI) Hits New 52-Week Low – Here’s Why

Canadian National Railway (NYSE:CNI) (TSE:CNR)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $93.08 and last traded at $94.01, with a volume of 6339 shares changing hands. The stock had previously closed at $96.49.

Analyst Ratings Changes

CNI has been the topic of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Loop Capital downgraded Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. Barclays dropped their price target on Canadian National Railway from $112.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 2nd. Jefferies Financial Group upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Friday, January 10th. Finally, Stifel Nicolaus boosted their target price on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Canadian National Railway presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.36.

Canadian National Railway Stock Performance

The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The company has a market cap of $59.09 billion, a PE ratio of 18.31, a P/E/G ratio of 1.95 and a beta of 0.93. The business’s fifty day moving average is $100.46 and its 200-day moving average is $105.78.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. As a group, research analysts predict that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a $0.6159 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend was Monday, March 10th. Canadian National Railway’s dividend payout ratio is presently 47.66%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. XTX Topco Ltd boosted its stake in shares of Canadian National Railway by 43.3% in the third quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company’s stock worth $1,822,000 after acquiring an additional 4,698 shares during the period. Unigestion Holding SA boosted its stake in Canadian National Railway by 363.6% in the 3rd quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company’s stock worth $18,012,000 after purchasing an additional 120,687 shares during the period. Synovus Financial Corp boosted its stake in Canadian National Railway by 82.3% in the 3rd quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company’s stock worth $1,625,000 after purchasing an additional 6,261 shares during the period. Sustainable Insight Capital Management LLC bought a new stake in shares of Canadian National Railway during the fourth quarter valued at approximately $436,000. Finally, Two Sigma Advisers LP raised its position in shares of Canadian National Railway by 123.7% during the third quarter. Two Sigma Advisers LP now owns 172,172 shares of the transportation company’s stock valued at $20,170,000 after buying an additional 95,200 shares during the last quarter. Institutional investors own 80.74% 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.