Canadian National Railway (TSE:CNR) Reaches New 1-Year Low - Time to Sell?

Shares of Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI reached a new 52-week low during trading on Monday . The stock traded as low as C$0.01 and last traded at C$145.88, with a volume of 1193128 shares traded. The stock had previously closed at C$146.68.

Analysts Set New Price Targets

Several analysts have recently commented on CNR shares. Evercore ISI upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 19th. TD Securities upgraded shares of Canadian National Railway from a "hold" rating to a "buy" rating and reduced their target price for the stock from C$175.00 to C$170.00 in a research note on Monday, January 13th. Citigroup upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. restated an "outperform" rating on shares of Canadian National Railway in a research note on Tuesday, January 7th. Finally, Loop Capital cut shares of Canadian National Railway from a "hold" rating to a "strong sell" rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$170.64.

Remove Ads

Canadian National Railway Price Performance

The company has a debt-to-equity ratio of 107.59, a quick ratio of 0.58 and a current ratio of 0.64. The company's fifty day simple moving average is C$146.79 and its two-hundred day simple moving average is C$151.96. The stock has a market capitalization of C$91.00 billion, a PE ratio of 15.70, a P/E/G ratio of 3.38 and a beta of 0.65.

Insider Buying and Selling at Canadian National Railway

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 608 shares of the company's stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of C$145.24 per share, for a total transaction of C$88,307.74. 2.64% of the stock is currently 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%).