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

Shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $102.64 and last traded at $102.64, with a volume of 1432 shares trading hands. The stock had previously closed at $102.77.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Bank of America downgraded shares of Canadian National Railway from a “buy” rating to a “neutral” rating and reduced their target price for the company from $129.00 to $122.00 in a research note on Friday, October 4th. Wells Fargo & Company upgraded Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price objective for the company in a report on Monday, October 7th. The Goldman Sachs Group decreased their target price on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a report on Thursday, October 24th. Finally, Sanford C. Bernstein dropped their target price on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway has a consensus rating of “Hold” and an average price target of $125.86.

Canadian National Railway Stock Down 1.5 %

The stock has a market capitalization of $63.79 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 2.43 and a beta of 0.89. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. The company’s 50-day moving average is $109.94 and its 200 day moving average is $114.81.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the firm posted $1.26 earnings per share. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, analysts anticipate that Canadian National Railway will post 5.31 EPS for the current year.

Canadian National Railway Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be issued a dividend of $0.6108 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is 38.14%.

Institutional Trading of Canadian National Railway

A number of hedge funds and other institutional investors have recently made changes to their positions in CNI. Addison Advisors LLC increased its stake in shares of Canadian National Railway by 159.1% in the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 148 shares in the last quarter. Fortitude Family Office LLC boosted its holdings in Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after buying an additional 229 shares during the last quarter. Coastline Trust Co purchased a new stake in Canadian National Railway during the 3rd quarter worth approximately $34,000. Reston Wealth Management LLC purchased a new position in shares of Canadian National Railway in the third quarter valued at approximately $41,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in Canadian National Railway in the 3rd quarter valued at $56,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

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.