Canadian National Railway (NYSE:CNI) Sets New 12-Month Low - Should You Sell?

Shares of Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $93.08 and last traded at $94.01, with a volume of 6339 shares. The stock had previously closed at $96.49.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Bank of America reduced their target price on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Citigroup lowered their target price on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a research note on Tuesday. JPMorgan Chase & Co. upgraded Canadian National Railway from a "neutral" rating to an "overweight" rating in a research report on Tuesday, January 7th. Stifel Nicolaus lifted their price objective on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Finally, Barclays reduced their price target on Canadian National Railway from $112.00 to $104.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, Canadian National Railway presently has an average rating of "Moderate Buy" and a consensus price target of $121.19.

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Canadian National Railway Stock Up 4.1 %

The company has a market capitalization of $62.70 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The business has a 50-day moving average price of $99.36 and a 200-day moving average price of $104.90.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. As a group, equities analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a $0.6159 dividend. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a yield of 2.47%. Canadian National Railway's dividend payout ratio (DPR) is currently 47.66%.

Hedge Funds Weigh In On Canadian National Railway

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Synovus Financial Corp lifted its position in shares of Canadian National Railway by 82.3% in the third quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company's stock worth $1,625,000 after purchasing an additional 6,261 shares in the last quarter. Sustainable Insight Capital Management LLC acquired a new position in Canadian National Railway during the fourth quarter valued at approximately $436,000. Threadgill Financial LLC grew its stake in Canadian National Railway by 75.9% in the 4th quarter. Threadgill Financial LLC now owns 22,476 shares of the transportation company's stock valued at $2,282,000 after buying an additional 9,701 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Canadian National Railway by 12.6% in the fourth quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company's stock worth $519,843,000 after purchasing an additional 571,967 shares during the period. Finally, Blue Trust Inc. increased its position in Canadian National Railway by 26.5% in the 4th quarter. Blue Trust Inc. now owns 1,646 shares of the transportation company's stock worth $167,000 after buying an additional 345 shares during the period. 80.74% of the stock is currently 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.