Canadian National Railway (TSE:CNR) Sets New 1-Year Low - Here's Why

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI's share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$138.65 and last traded at C$138.65, with a volume of 928803 shares trading hands. The stock had previously closed at C$141.72.

Wall Street Analyst Weigh In

CNR has been the subject of several research analyst reports. Scotiabank decreased their target price on Canadian National Railway from C$180.00 to C$178.00 in a research report on Thursday, January 30th. Loop Capital lowered Canadian National Railway from a "hold" rating to a "strong sell" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. reaffirmed an "outperform" rating on shares of Canadian National Railway in a research report on Tuesday, January 7th. Barclays decreased their target price on Canadian National Railway from C$162.00 to C$160.00 in a research report on Friday, January 17th. Finally, TD Securities raised Canadian National Railway from a "hold" rating to a "buy" rating and decreased their target price for the company from C$175.00 to C$170.00 in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$170.64.

Canadian National Railway Trading Up 1.3 %

The firm has a 50 day simple moving average of C$146.10 and a 200 day simple moving average of C$151.43. 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 firm has a market cap of C$87.90 billion, a P/E ratio of 15.17, a P/E/G ratio of 3.38 and a beta of 0.65.

Insiders Place Their Bets

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