Canadian National Railway (TSE:CNR) Sets New 1-Year Low – What’s Next?

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$169.00 to C$179.00 in a research note on Thursday, October 10th. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. UBS Group upped their target price on Canadian National Railway from C$189.00 to C$190.00 in a report on Thursday, October 24th. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, National Bankshares lowered their price objective on shares of Canadian National Railway from C$181.00 to C$178.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$171.07.

Canadian National Railway Stock Down 0.2 %

The firm has a market cap of C$90.56 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 3.38 and a beta of 0.65. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62. The firm has a fifty day moving average price of C$150.69 and a 200-day moving average price of C$155.69.

Canadian National Railway Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were issued a $0.845 dividend. This represents a $3.38 annualized dividend and a yield of 2.35%. The ex-dividend date was Monday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is 40.14%.

Insider Activity

In other news, Senior Officer Ghislain Houle sold 5,741 shares of the firm’s 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. Also, Director Shauneen Elizabeth Bruder bought 608 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of C$145.24 per share, with a total value of C$88,307.74. Insiders purchased a total of 6,694 shares of company stock valued at $1,005,958 in the last 90 days. 2.64% of the stock is currently owned by insiders.

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.