Canadian National Railway (NYSE:CNI) Reaches New 1-Year Low – Time to Sell?

Shares of 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

A number of research firms have weighed in on CNI. Barclays decreased their price objective on shares of Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating for the company in a research report on Thursday, October 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Canadian National Railway in a report on Wednesday, October 8th. Susquehanna lifted their price objective on Canadian National Railway from $115.00 to $116.00 and gave the stock a “positive” rating in a report on Monday, November 3rd. Evercore ISI upped their target price on Canadian National Railway from $98.00 to $103.00 and gave the company an “in-line” rating in a research report on Monday, November 3rd. Finally, Wall Street Zen raised shares of Canadian National Railway from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $114.00.

Canadian National Railway Trading Down 2.3%

The company has a market cap of $56.03 billion, a P/E ratio of 17.48, a P/E/G ratio of 2.13 and a beta of 0.95. The business has a fifty day simple moving average of $94.77 and a 200 day simple moving average of $98.33. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82.

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

Canadian National Railway Increases Dividend

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

Institutional Investors Weigh In On Canadian National Railway

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bennett Selby Investments LP boosted its stake in Canadian National Railway by 2.2% in the second quarter. Bennett Selby Investments LP now owns 4,796 shares of the transportation company’s stock valued at $499,000 after acquiring an additional 101 shares during the period. Heartland Advisors Inc. raised its position in shares of Canadian National Railway by 0.9% during the 1st quarter. Heartland Advisors Inc. now owns 12,293 shares of the transportation company’s stock worth $1,198,000 after purchasing an additional 108 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in shares of Canadian National Railway by 13.4% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 929 shares of the transportation company’s stock worth $97,000 after purchasing an additional 110 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Canadian National Railway by 10.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 113 shares during the period. Finally, IFP Advisors Inc boosted its position in Canadian National Railway by 3.3% during the 2nd quarter. IFP Advisors Inc now owns 3,582 shares of the transportation company’s stock valued at $373,000 after purchasing an additional 115 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

About Canadian National Railway

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.