Canadian National Railway (TSE:CNR) Hits New 12-Month Low – Here’s Why

Canadian National Railway (TSE:CNR) (NYSE:CNI)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as C$0.01 and last traded at C$145.88, with a volume of 1193128 shares. The stock had previously closed at C$146.68.

Analyst Ratings Changes

A number of analysts recently weighed in on CNR shares. Scotiabank dropped their price objective on shares of Canadian National Railway from C$180.00 to C$178.00 in a report on Thursday, January 30th. JPMorgan Chase & Co. restated an “outperform” rating on shares of Canadian National Railway in a research note on Tuesday, January 7th. Barclays reduced their price objective on Canadian National Railway from C$162.00 to C$160.00 in a research report on Friday, January 17th. TD Securities upgraded Canadian National Railway from a “hold” rating to a “buy” rating and lowered their target price for the company from C$175.00 to C$170.00 in a research report on Monday, January 13th. Finally, Loop Capital lowered Canadian National Railway from a “hold” rating to a “strong sell” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$170.64.

Canadian National Railway Price Performance

The company has a market cap of C$89.33 billion, a price-to-earnings ratio of 15.41, a P/E/G ratio of 3.38 and a beta of 0.65. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 107.59. The business has a 50-day moving average price of C$147.19 and a 200 day moving average price of C$152.26.

Insiders Place Their Bets

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 608 shares of Canadian National Railway stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of C$145.24 per share, for a total transaction of C$88,307.74. Corporate insiders own 2.64% of the company’s stock.

About Canadian National Railway

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%).