Canadian National Railway (TSE:CNR) Sets New 12-Month Low – Here’s What Happened

Canadian National Railway (TSE:CNR) (NYSE:CNI)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as C$143.30 and last traded at C$143.43, with a volume of 65600 shares trading hands. The stock had previously closed at C$144.15.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays cut their price target on Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating on the stock in a report on Wednesday, September 25th. ATB Capital lifted their target price on Canadian National Railway from C$167.00 to C$168.00 in a research note on Wednesday, October 23rd. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Veritas upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, TD Securities raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and reduced their price objective for the stock from C$175.00 to C$170.00 in a report on Monday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway presently has an average rating of “Moderate Buy” and an average target price of C$170.73.

Canadian National Railway Trading Down 0.3 %

The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63. The firm has a market capitalization of C$90.59 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The firm has a 50 day moving average price of C$150.44 and a two-hundred day moving average price of C$155.46.

Canadian National Railway Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were paid a $0.845 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $3.38 dividend on an annualized basis and a yield of 2.35%. Canadian National Railway’s dividend payout ratio is currently 40.14%.

Insiders Place Their Bets

In other Canadian National Railway news, Director David Lund Freeman purchased 1,000 shares of the stock in a transaction dated Thursday, October 24th. The shares were acquired at an average price of C$152.57 per share, for a total transaction of C$152,572.80. Also, Senior Officer Ghislain Houle sold 5,741 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of C$150.82, for a total value of C$865,844.99. In the last quarter, insiders have purchased 6,694 shares of company stock worth $1,005,958. Company insiders own 2.64% 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.