Canadian National Railway (TSE:CNR) Stock Price Passes Above 200-Day Moving Average of $160.41

Canadian National Railway (TSE:CNR – Get Rating) (NYSE:CNI)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$160.41 and traded as high as C$162.63. Canadian National Railway shares last traded at C$162.17, with a volume of 849,044 shares.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CNR. ATB Capital cut their price target on Canadian National Railway from C$180.00 to C$175.00 in a research note on Wednesday, January 25th. CIBC cut their price target on Canadian National Railway from C$181.00 to C$175.00 and set a “neutral” rating for the company in a research note on Wednesday, January 25th. Atlantic Securities set a C$162.00 price target on Canadian National Railway in a research note on Wednesday, January 25th. The Goldman Sachs Group downgraded Canadian National Railway to a “sell” rating and set a C$150.00 price target for the company. in a research note on Tuesday, January 10th. Finally, Atb Cap Markets reaffirmed a “sector perform” rating on shares of Canadian National Railway in a research note on Tuesday, December 20th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$161.97.

Canadian National Railway Price Performance

The company has a market cap of C$109.05 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 1.74 and a beta of 0.69. The company has a fifty day moving average price of C$160.61 and a two-hundred day moving average price of C$160.41. The company has a current ratio of 0.84, a quick ratio of 0.58 and a debt-to-equity ratio of 74.33.

Canadian National Railway (TSE:CNR – Get Rating) (NYSE:CNI) last announced its quarterly earnings data on Tuesday, January 24th. The company reported C$2.10 earnings per share for the quarter, hitting the consensus estimate of C$2.10. Canadian National Railway had a return on equity of 23.20% and a net margin of 29.92%. The company had revenue of C$4.54 billion for the quarter, compared to analyst estimates of C$4.51 billion. As a group, equities research analysts anticipate that Canadian National Railway will post 8.2069838 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 10th will be paid a $1.862 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.73. The ex-dividend date is Thursday, March 9th. This represents a $7.45 annualized dividend and a yield of 4.59%. Canadian National Railway’s payout ratio is currently 41.69%.

About Canadian National Railway

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Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.