Canadian National Railway (TSE:CNR) Reaches New 12-Month Low – What’s Next?

Canadian National Railway (TSE:CNR) (NYSE:CNI)’s share price reached a new 52-week low on Tuesday . The company traded as low as C$138.65 and last traded at C$138.65, with a volume of 928803 shares changing hands. The stock had previously closed at C$141.72.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CNR. Scotiabank decreased their target price on shares of Canadian National Railway from C$180.00 to C$178.00 in a research report on Thursday, January 30th. Barclays reduced their target price on shares of Canadian National Railway from C$162.00 to C$160.00 in a research note on Friday, January 17th. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Citigroup upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. restated an “outperform” rating on shares of Canadian National Railway in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway currently has an average rating of “Moderate Buy” and a consensus price target of C$170.64.

Canadian National Railway Trading Down 1.7 %

The company has a market cap of C$87.24 billion, a PE ratio of 15.05, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 107.59. The firm has a fifty day moving average of C$146.73 and a two-hundred day moving average of C$151.86.

Insider Activity at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder bought 608 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was acquired 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 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%).