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

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR hit a new 52-week low on Monday . The company traded as low as $98.32 and last traded at $98.28, with a volume of 935201 shares. The stock had previously closed at $101.36.

Analysts Set New Price Targets

Several research firms have issued reports on CNI. Evercore ISI raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. raised Canadian National Railway from a "neutral" rating to an "overweight" rating in a research report on Tuesday, January 7th. Bank of America reduced their price target on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company lowered their price objective on shares of Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating on the stock in a report on Monday, January 13th. Finally, Barclays reduced their target price on shares of Canadian National Railway from $121.00 to $112.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $124.19.

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Canadian National Railway Price Performance

The business has a fifty day moving average of $102.27 and a two-hundred day moving average of $108.72. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The firm has a market capitalization of $63.53 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91.

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

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Monday, March 10th. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's payout ratio is currently 47.66%.

Hedge Funds Weigh In On Canadian National Railway

Large investors have recently made changes to their positions in the company. Quintet Private Bank Europe S.A. bought a new position in Canadian National Railway during the 4th quarter worth $25,000. Arlington Trust Co LLC acquired a new position in shares of Canadian National Railway in the fourth quarter valued at about $30,000. Lee Danner & Bass Inc. bought a new position in Canadian National Railway during the fourth quarter worth about $30,000. Addison Advisors LLC raised its stake in Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after purchasing an additional 142 shares in the last quarter. Finally, Coastline Trust Co bought a new stake in Canadian National Railway in the 3rd quarter valued at about $34,000. Institutional investors 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.