Canadian National Railway (NYSE:CNI) Sets New 12-Month Low – Here’s What Happened

Canadian National Railway (NYSE:CNI) (TSE:CNR) reached a new 52-week low on Monday . The stock traded as low as $98.32 and last traded at $98.28, with a volume of 935201 shares. The stock had previously closed at $101.36.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CNI shares. Barclays cut their target price on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Citigroup upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $126.00 to $130.00 in a research report on Tuesday, November 12th. Bank of America decreased their target price on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus lifted their price target on Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.19.

Canadian National Railway Stock Performance

The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The company has a market cap of $61.75 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 1.95 and a beta of 0.91. The firm’s 50-day moving average price is $102.45 and its 200 day moving average price is $108.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. On average, sell-side analysts anticipate that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $0.6159 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 annualized dividend and a yield of 2.51%. Canadian National Railway’s dividend payout ratio is presently 47.66%.

Hedge Funds Weigh In On Canadian National Railway

Institutional investors have recently modified their holdings of the stock. Quintet Private Bank Europe S.A. acquired a new stake in shares of Canadian National Railway in the 4th quarter valued at approximately $25,000. Coastline Trust Co bought a new stake in Canadian National Railway in the third quarter valued at approximately $34,000. Arlington Trust Co LLC acquired a new stake in Canadian National Railway in the fourth quarter worth $30,000. Lee Danner & Bass Inc. bought a new position in shares of Canadian National Railway during the fourth quarter worth $30,000. Finally, Addison Advisors LLC grew its holdings in shares of Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after buying an additional 142 shares during the period. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Company Profile

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.