Canadian National Railway (TSE:CNR) Reaches 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 reached a new 52-week low on Wednesday . The company traded as low as C$130.00 and last traded at C$130.35, with a volume of 1155423 shares. The stock had previously closed at C$131.13.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CNR. Desjardins reduced their price objective on Canadian National Railway from C$169.00 to C$160.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Barclays reduced their target price on shares of Canadian National Railway from C$145.00 to C$135.00 in a report on Wednesday, July 23rd. ATB Capital decreased their price target on shares of Canadian National Railway from C$155.00 to C$150.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 23rd. Raymond James Financial raised shares of Canadian National Railway from a "hold" rating to a "moderate buy" rating and boosted their price objective for the company from C$150.00 to C$162.00 in a research report on Thursday, July 17th. Finally, JPMorgan Chase & Co. lowered shares of Canadian National Railway from an "outperform" rating to a "neutral" rating and raised their target price for the stock from C$154.00 to C$163.00 in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Canadian National Railway presently has an average rating of "Moderate Buy" and an average price target of C$155.79.

Canadian National Railway Stock Down 1.0%

The stock has a market capitalization of C$80.22 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The firm has a 50-day moving average of C$140.34 and a 200 day moving average of C$141.80. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 107.59.

Canadian National Railway Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Monday, September 8th will be paid 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 (DPR) is 36.54%.

Insider Activity at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder bought 7,600 shares of the business's stock in a transaction dated Thursday, July 24th. The shares were acquired at an average price of C$131.40 per share, for a total transaction of C$998,624.04. Also, Director Susan C. Jones bought 1,520 shares of the stock in a transaction on Thursday, July 24th. The shares were acquired at an average price of C$130.96 per share, with a total value of C$199,065.28. Insiders have acquired a total of 11,208 shares of company stock worth $1,484,739 over the last 90 days. 2.64% of the stock is owned by company 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%).