Canadian National Railway (NYSE:CNI) Reaches New 52-Week Low – Time to Sell?

Canadian National Railway (NYSE:CNI) (TSE:CNR) shares reached a new 52-week low on Tuesday . The stock traded as low as $96.27 and last traded at $96.36, with a volume of 76943 shares traded. The stock had previously closed at $98.15.

Analyst Ratings Changes

CNI has been the topic of several recent analyst reports. Susquehanna decreased their price objective on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Royal Bank of Canada decreased their price objective on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. 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. Finally, Jefferies Financial Group upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.19.

Canadian National Railway Stock Up 1.5 %

The firm has a market capitalization of $60.88 billion, a PE ratio of 18.93, a PEG ratio of 1.95 and a beta of 0.91. The business’s 50 day simple moving average is $101.99 and its 200 day simple moving average is $108.20. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data 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, equities research analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently disclosed 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 boost from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway’s dividend payout ratio (DPR) is presently 47.85%.

Hedge Funds Weigh In On Canadian National Railway

Institutional investors and hedge funds have recently made changes to their positions in the business. Wealthedge Investment Advisors LLC bought a new position in Canadian National Railway during the 4th quarter valued at about $2,198,000. Brucke Financial Inc. bought a new position in Canadian National Railway during the 4th quarter valued at about $219,000. Polar Asset Management Partners Inc. grew its holdings in Canadian National Railway by 233.3% during the 4th quarter. Polar Asset Management Partners Inc. now owns 25,000 shares of the transportation company’s stock valued at $2,537,000 after purchasing an additional 17,500 shares during the last quarter. Cypress Asset Management Inc. TX bought a new position in Canadian National Railway during the 4th quarter valued at about $875,000. Finally, Vermillion Wealth Management Inc. bought a new position in Canadian National Railway during the 4th quarter valued at about $102,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

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.