Canadian National Railway (NYSE:CNI) Reaches New 12-Month Low - What's Next?

Shares of Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $107.54 and last traded at $107.58, with a volume of 285246 shares trading hands. The stock had previously closed at $108.21.

Analysts Set New Price Targets

A number of brokerages have recently commented on CNI. Wells Fargo & Company upgraded shares of Canadian National Railway from an "equal weight" rating to an "overweight" rating and set a $125.00 price target on the stock in a report on Monday, October 7th. Citigroup lifted their target price on Canadian National Railway from $125.00 to $126.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Benchmark reiterated a "hold" rating on shares of Canadian National Railway in a research report on Thursday, October 24th. Stifel Nicolaus raised their price objective on Canadian National Railway from $130.00 to $132.00 and gave the stock a "hold" rating in a research report on Wednesday, October 23rd. Finally, Veritas upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $125.18.

Canadian National Railway Trading Down 0.2 %

The stock has a market capitalization of $67.91 billion, a P/E ratio of 17.31, a P/E/G ratio of 2.42 and a beta of 0.89. The firm's 50 day simple moving average is $115.20 and its two-hundred day simple moving average is $118.57. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.02. The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The firm's revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.26 EPS. As a group, analysts forecast that Canadian National Railway will post 5.54 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be given a dividend of $0.6108 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway's payout ratio is 39.90%.

Institutional Investors Weigh In On Canadian National Railway

Hedge funds and other institutional investors have recently made changes to their positions in the business. Manning & Napier Advisors LLC purchased a new stake in Canadian National Railway in the 2nd quarter valued at $134,096,000. Koshinski Asset Management Inc. purchased a new stake in shares of Canadian National Railway in the first quarter valued at about $627,000. Sterling Investment Management LLC lifted its position in shares of Canadian National Railway by 17.2% during the third quarter. Sterling Investment Management LLC now owns 36,279 shares of the transportation company's stock valued at $4,250,000 after purchasing an additional 5,329 shares in the last quarter. Mediolanum International Funds Ltd purchased a new position in Canadian National Railway during the first quarter worth about $4,451,000. Finally, Sumitomo Life Insurance Co. bought a new stake in Canadian National Railway in the 2nd quarter worth about $1,321,000. 80.74% of the stock is owned by institutional investors.

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.