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

Shares of Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI reached a new 52-week low on Monday . The company traded as low as C$131.92 and last traded at C$134.67, with a volume of 868995 shares. The stock had previously closed at C$137.37.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Barclays lowered their target price on shares of Canadian National Railway from C$160.00 to C$150.00 in a report on Wednesday, April 2nd. Loop Capital downgraded shares of Canadian National Railway from a "hold" rating to a "strong sell" rating in a research note on Monday, February 3rd. CIBC cut their target price on Canadian National Railway from C$162.00 to C$157.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. ATB Capital decreased their target price on Canadian National Railway from C$161.00 to C$159.00 and set a "sector perform" rating for the company in a research report on Friday. Finally, JPMorgan Chase & Co. reaffirmed an "outperform" rating on shares of Canadian National Railway in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Canadian National Railway presently has a consensus rating of "Moderate Buy" and a consensus target price of C$166.64.

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Canadian National Railway Trading Up 3.5 %

The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. The company's fifty day moving average price is C$141.89 and its two-hundred day moving average price is C$148.38. The firm has a market cap of C$86.79 billion, a PE ratio of 14.98, a P/E/G ratio of 3.38 and a beta of 0.65.

Insider Activity at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder acquired 645 shares of Canadian National Railway stock in a transaction that occurred on Wednesday, March 26th. The stock was purchased at an average price of C$141.56 per share, for a total transaction of C$91,308.14. 2.64% of the stock is owned by insiders.

Canadian National Railway Company Profile

Canadian National's railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2019, CN delivered almost 6 million carloads over its 19,600 miles of track. CN generated roughly CAD 14 billion in total revenue by hauling intermodal containers (25% of consolidated revenue), petroleum and chemicals (21%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (6%), and coal (4%).