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

Canadian National Railway Company (NYSE:CNI) (TSE:CNR) hit a new 52-week low during trading on Monday . The company traded as low as $90.74 and last traded at $90.8830, with a volume of 1402591 shares. The stock had previously closed at $92.99.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CNI. Barclays reduced their price objective on shares of Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 2nd. Citigroup boosted their price target on Canadian National Railway from $119.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Evercore ISI increased their price target on Canadian National Railway from $98.00 to $103.00 and gave the stock an “in-line” rating in a research note on Monday, November 3rd. Wall Street Zen raised Canadian National Railway from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Canadian National Railway in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $114.00.

Canadian National Railway Stock Down 2.3%

The stock has a fifty day moving average of $94.77 and a two-hundred day moving average of $98.33. The stock has a market cap of $56.03 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 2.13 and a beta of 0.95. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Friday, October 31st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.72 EPS. As a group, analysts predict that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 9th will be given a $0.8875 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.65. This represents a $3.55 annualized dividend and a dividend yield of 3.9%. Canadian National Railway’s dividend payout ratio (DPR) is currently 48.01%.

Institutional Trading of Canadian National Railway

A number of institutional investors have recently added to or reduced their stakes in CNI. Addison Advisors LLC lifted its stake in shares of Canadian National Railway by 124.0% during the second quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock worth $28,000 after purchasing an additional 150 shares in the last quarter. Hollencrest Capital Management acquired a new position in Canadian National Railway during the 3rd quarter worth approximately $28,000. Curio Wealth LLC boosted its holdings in Canadian National Railway by 31,600.0% in the 2nd quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock worth $33,000 after acquiring an additional 316 shares during the period. First Horizon Corp acquired a new stake in Canadian National Railway in the third quarter valued at approximately $30,000. Finally, Dagco Inc. purchased a new stake in shares of Canadian National Railway during the first quarter valued at approximately $32,000. 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.