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

Shares of Canadian National Railway (NYSE:CNI - Get Free Report) 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.

Analyst Upgrades and Downgrades

CNI has been the topic of several recent research reports. The Goldman Sachs Group decreased their price target on Canadian National Railway from $131.00 to $124.00 and set a "sell" rating on the stock in a report on Wednesday, October 9th. Veritas raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 23rd. Stephens restated an "equal weight" rating and set a $116.00 target price on shares of Canadian National Railway in a report on Wednesday, October 23rd. Evercore ISI cut their price target on Canadian National Railway from $119.00 to $116.00 and set an "in-line" rating on the stock in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus upped their price objective on Canadian National Railway from $130.00 to $132.00 and gave the stock a "hold" rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $125.86.

Canadian National Railway Trading Up 0.2 %

The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. The company's 50-day moving average is $110.19 and its 200-day moving average is $114.90. The stock has a market capitalization of $64.80 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 2.43 and a beta of 0.89.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.02. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The business's revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.26 EPS. Research analysts anticipate that Canadian National Railway will post 5.31 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be issued a $0.6108 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.44 annualized dividend and a yield of 2.37%. Canadian National Railway's dividend payout ratio (DPR) is currently 38.30%.

Hedge Funds Weigh In On Canadian National Railway

Large investors have recently made changes to their positions in the stock. Grove Bank & Trust grew its stake in shares of Canadian National Railway by 15.3% in the third quarter. Grove Bank & Trust now owns 730 shares of the transportation company's stock worth $86,000 after acquiring an additional 97 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Canadian National Railway by 1.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 9,350 shares of the transportation company's stock worth $1,105,000 after purchasing an additional 102 shares during the period. Blue Trust Inc. raised its position in Canadian National Railway by 19.3% in the 2nd quarter. Blue Trust Inc. now owns 648 shares of the transportation company's stock valued at $77,000 after purchasing an additional 105 shares in the last quarter. Doheny Asset Management CA boosted its stake in shares of Canadian National Railway by 3.8% in the 2nd quarter. Doheny Asset Management CA now owns 3,000 shares of the transportation company's stock valued at $354,000 after buying an additional 110 shares during the period. Finally, White Pine Investment CO grew its position in shares of Canadian National Railway by 0.3% during the second quarter. White Pine Investment CO now owns 47,643 shares of the transportation company's stock worth $5,628,000 after buying an additional 120 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

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.