Canadian National Railway (TSE:CNR) Reaches New 52-Week Low - Here's What Happened

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI hit a new 52-week low during trading on Monday . The stock traded as low as C$143.30 and last traded at C$143.43, with a volume of 65600 shares traded. The stock had previously closed at C$144.15.

Analysts Set New Price Targets

Several analysts have issued reports on CNR shares. ATB Capital upped their target price on Canadian National Railway from C$167.00 to C$168.00 in a research note on Wednesday, October 23rd. Evercore ISI raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 19th. National Bankshares lowered their price objective on Canadian National Railway from C$181.00 to C$178.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Barclays lowered their price objective on Canadian National Railway from C$165.00 to C$162.00 and set a "hold" rating for the company in a research report on Wednesday, September 25th. Finally, Royal Bank of Canada upgraded Canadian National Railway from a "sector perform" rating to an "outperform" rating and upped their target price for the company from C$169.00 to C$179.00 in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$170.73.

Canadian National Railway Price Performance

The firm has a 50 day moving average price of C$150.69 and a 200 day moving average price of C$155.69. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62. The stock has a market cap of C$90.85 billion, a P/E ratio of 17.14, a P/E/G ratio of 3.38 and a beta of 0.65.

Canadian National Railway Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were paid a dividend of $0.845 per share. This represents a $3.38 annualized dividend and a yield of 2.34%. The ex-dividend date was Monday, December 9th. Canadian National Railway's dividend payout ratio (DPR) is presently 40.14%.

Insider Activity at Canadian National Railway

In related news, Director David Lund Freeman bought 1,000 shares of the company's stock in a transaction dated Thursday, October 24th. The stock was purchased at an average price of C$152.57 per share, for a total transaction of C$152,572.80. Also, Senior Officer Ghislain Houle sold 5,741 shares of Canadian National Railway stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of C$150.82, for a total value of C$865,844.99. In the last 90 days, insiders have acquired 6,694 shares of company stock valued at $1,005,958. 2.64% of the stock is owned by company insiders.

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.