Canadian National Railway (TSE:CNR) Sets New 12-Month Low – Time to Sell?

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) reached a new 52-week low on Monday . The company traded as low as C$147.23 and last traded at C$147.93, with a volume of 54092 shares. The stock had previously closed at C$147.89.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CNR shares. Scotiabank reduced their price objective on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a research note on Wednesday, September 11th. National Bankshares reduced their price target on shares of Canadian National Railway from C$181.00 to C$178.00 and set an “outperform” rating for the company 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 in a report on Monday, October 7th. TD Securities reduced their price objective on shares of Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Finally, Raymond James decreased their target price on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$171.07.

Canadian National Railway Stock Performance

The company’s 50-day moving average is C$154.08 and its two-hundred day moving average is C$158.91. 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 company has a market cap of C$92.93 billion, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65.

Canadian National Railway Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.845 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $3.38 annualized dividend and a dividend yield of 2.29%. Canadian National Railway’s payout ratio is currently 40.14%.

Insider Activity at Canadian National Railway

In related news, Director Tracy Robinson bought 3,300 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were purchased at an average price of C$147.99 per share, for a total transaction of C$488,380.20. Also, Senior Officer Ghislain Houle sold 5,741 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of C$150.82, for a total value of C$865,844.99. Over the last quarter, insiders have bought 7,859 shares of company stock worth $1,202,515. Insiders own 2.64% 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.