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

Canadian National Railway (NYSE:CNI) (TSE:CNR) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $105.26 and last traded at $105.38, with a volume of 672637 shares traded. The stock had previously closed at $106.30.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on Canadian National Railway from $130.00 to $132.00 and gave the company a “hold” rating in a research 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 price target on the stock in a report on Monday, October 7th. Sanford C. Bernstein reduced their price objective on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. Evercore ISI lowered their target price on shares of Canadian National Railway from $119.00 to $116.00 and set an “in-line” rating for the company in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group reduced their price target on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $125.86.

Canadian National Railway Trading Down 0.8 %

The company has a 50 day simple moving average of $110.80 and a two-hundred day simple moving average of $115.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. The firm has a market cap of $65.40 billion, a PE ratio of 16.74, a P/E/G ratio of 2.46 and a beta of 0.89.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. Analysts expect that Canadian National Railway will post 5.31 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be issued a dividend of $0.6108 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.44 annualized dividend and a dividend yield of 2.35%. Canadian National Railway’s dividend payout ratio (DPR) is presently 38.30%.

Institutional Investors Weigh In On Canadian National Railway

Several hedge funds have recently added to or reduced their stakes in the business. Addison Advisors LLC raised its stake in shares of Canadian National Railway by 159.1% during the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after buying an additional 148 shares during the last quarter. Fortitude Family Office LLC raised its position in Canadian National Railway by 738.7% during the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 229 shares in the last quarter. Coastline Trust Co purchased a new position in Canadian National Railway during the third quarter valued at approximately $34,000. ORG Partners LLC acquired a new position in Canadian National Railway in the second quarter valued at approximately $34,000. Finally, Reston Wealth Management LLC purchased a new stake in Canadian National Railway in the 3rd quarter worth approximately $41,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

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.