Canadian National Railway (TSE:CNR) Reaches New 12-Month Low - Here's Why

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$149.85 and last traded at C$149.87, with a volume of 217733 shares. The stock had previously closed at C$150.98.

Analysts Set New Price Targets

A number of brokerages have weighed in on CNR. Wells Fargo & Company raised shares of Canadian National Railway from an "equal weight" rating to an "overweight" rating in a research report on Monday, October 7th. Veritas upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 23rd. BMO Capital Markets cut their price objective on Canadian National Railway from C$182.00 to C$178.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 11th. Raymond James decreased their target price on Canadian National Railway from C$187.00 to C$180.00 and set an "outperform" rating for the company in a research report on Wednesday, September 11th. Finally, Scotiabank dropped their target price on Canadian National Railway from C$187.00 to C$180.00 and set an "outperform" rating on the stock in a report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Canadian National Railway has an average rating of "Moderate Buy" and a consensus price target of C$171.07.

Canadian National Railway Stock Down 0.5 %

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 firm has a market capitalization of C$94.55 billion, a price-to-earnings ratio of 17.84, a P/E/G ratio of 3.38 and a beta of 0.65. The stock has a 50 day moving average of C$157.14 and a 200 day moving average of C$162.85.

Canadian National Railway Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be paid a dividend of $0.845 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $3.38 annualized dividend and a yield of 2.25%. Canadian National Railway's payout ratio is 40.14%.

Insider Transactions at Canadian National Railway

In related news, Director David Lund Freeman bought 1,000 shares of the stock in a transaction dated Thursday, October 24th. The stock was bought at an average cost of C$152.57 per share, with a total value of C$152,572.80. In related news, Director David Lund Freeman bought 1,000 shares of the business's stock in a transaction on Thursday, October 24th. The shares were bought at an average cost of C$152.57 per share, for a total transaction of C$152,572.80. Also, Director Susan C. Jones purchased 1,230 shares of the stock in a transaction dated Tuesday, September 17th. The shares were purchased at an average price of C$162.05 per share, with a total value of C$199,324.82. In the last three months, insiders have acquired 2,773 shares of company stock worth $437,437. 2.64% of the stock is currently owned by insiders.

About Canadian National Railway

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.