Canadian National Railway (TSE:CNR) Sets New 12-Month Low - Here's Why

Key Points

• Canadian National Railway (CNR) reached a new **52-week low** of C$130.00, with a trading volume of over **1.15 million shares**.
• Analysts have **lowered price targets** for the stock, with Barclays cutting their target from C$145.00 to C$135.00 and Desjardins lowering theirs from C$169.00 to C$160.00.
• The company announced a quarterly dividend of **$0.8875 per share**, yielding 2.72%, which will be paid on September 9th to stockholders of record.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI shares hit a new 52-week low on Wednesday . The stock traded as low as C$130.00 and last traded at C$130.35, with a volume of 1155423 shares trading hands. The stock had previously closed at C$131.13.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. National Bank Financial cut Canadian National Railway from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Raymond James Financial raised shares of Canadian National Railway from a "hold" rating to a "moderate buy" rating and raised their target price for the company from C$150.00 to C$162.00 in a report on Thursday, July 17th. Royal Bank Of Canada decreased their price target on shares of Canadian National Railway from C$161.00 to C$157.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Argus raised shares of Canadian National Railway to a "hold" rating in a report on Friday, June 27th. Finally, BMO Capital Markets cut their target price on shares of Canadian National Railway from C$168.00 to C$163.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$155.79.

Canadian National Railway Trading Down 1.3%

The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. The firm's 50-day moving average price is C$140.66 and its 200 day moving average price is C$141.92. The company has a market capitalization of C$80.03 billion, a P/E ratio of 13.81, a P/E/G ratio of 3.38 and a beta of 0.65.

Canadian National Railway Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Monday, September 8th will be issued a $0.8875 dividend. This represents a $3.55 annualized dividend and a dividend yield of 2.8%. Canadian National Railway's dividend payout ratio is currently 36.54%.

Insider Transactions at Canadian National Railway

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 7,600 shares of the stock in a transaction dated Thursday, July 24th. The shares were bought at an average price of C$131.40 per share, with a total value of C$998,624.04. Also, Director Susan C. Jones purchased 1,520 shares of the stock in a transaction dated Thursday, July 24th. The stock was acquired at an average cost of C$130.96 per share, for a total transaction of C$199,065.28. Insiders have purchased 11,208 shares of company stock valued at $1,484,739 in the last 90 days. 2.64% of the stock is currently owned by corporate insiders.

Canadian National Railway Company Profile

Canadian National's railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2019, CN delivered almost 6 million carloads over its 19,600 miles of track. CN generated roughly CAD 14 billion in total revenue by hauling intermodal containers (25% of consolidated revenue), petroleum and chemicals (21%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (6%), and coal (4%).