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

Key Points

• Canadian National Railway's stock hit a new 52-week low at C$126.11 and last traded at C$128.60 with a volume of 1,615,866 shares.
• Analysts have mixed ratings on the stock, with two Strong Buy, eight Buy, and one Sell, while the average target price is C$155.79.
• The company declared a quarterly dividend of $0.8875 per share, with an annualized yield of 2.7%, and has a payout ratio of 47.79%.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$126.11 and last traded at C$128.60, with a volume of 1615866 shares traded. The stock had previously closed at C$128.15.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. BMO Capital Markets dropped their price target on 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. CIBC raised their price objective on Canadian National Railway from C$146.00 to C$155.00 in a research report on Thursday, May 22nd. Royal Bank Of Canada dropped their price objective on Canadian National Railway from C$161.00 to C$157.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. TD Securities dropped their price objective on Canadian National Railway from C$168.00 to C$165.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Finally, ATB Capital dropped their price objective on Canadian National Railway from C$155.00 to C$150.00 and set a "sector perform" rating on the stock in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Canadian National Railway presently has an average rating of "Moderate Buy" and a consensus price target of C$155.79.

Canadian National Railway Stock Performance

The stock has a market capitalization of C$82.11 billion, a PE ratio of 18.14, a PEG ratio of 3.38 and a beta of 0.93. 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 has a 50 day moving average price of C$132.82 and a 200-day moving average price of C$138.09.

Canadian National Railway Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 29th will be paid a $0.8875 dividend. This represents a $3.55 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, September 8th. Canadian National Railway's dividend payout ratio (DPR) is presently 47.79%.

Insider Activity at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder purchased 7,600 shares of Canadian National Railway stock in a transaction that occurred on Thursday, July 24th. The stock was bought at an average cost of C$131.40 per share, for a total transaction of C$998,624.04. Also, Director Susan C. Jones purchased 1,520 shares of Canadian National Railway stock in a transaction that occurred on Thursday, July 24th. The shares were bought at an average price of C$130.96 per share, with a total value of C$199,065.28. Over the last quarter, insiders have purchased 9,747 shares of company stock valued at $1,285,138. 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%).