Canadian National Railway (TSE:CNR) Stock Crosses Above Two Hundred Day Moving Average of $168.15

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$168.15 and traded as high as C$172.99. Canadian National Railway shares last traded at C$170.68, with a volume of 1,407,552 shares.

Analysts Set New Price Targets

A number of research firms have issued reports on CNR. Scotiabank boosted their price objective on shares of Canadian National Railway from C$173.00 to C$184.00 and gave the company a “sector perform” rating in a research report on Monday, March 25th. ATB Capital upped their price objective on shares of Canadian National Railway from C$165.00 to C$180.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. Royal Bank of Canada boosted their price target on shares of Canadian National Railway from C$171.00 to C$172.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 24th. TD Securities increased their target price on Canadian National Railway from C$185.00 to C$190.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Finally, Barclays increased their price objective on Canadian National Railway from C$170.00 to C$175.00 in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway presently has an average rating of “Hold” and a consensus target price of C$184.50.

Canadian National Railway Price Performance

The firm has a fifty day moving average of C$174.63 and a 200 day moving average of C$168.15. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 100.86. The company has a market capitalization of C$108.59 billion, a P/E ratio of 20.25, a P/E/G ratio of 2.06 and a beta of 0.65.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported C$1.72 earnings per share for the quarter, meeting analysts’ consensus estimates of C$1.72. The company had revenue of C$4.25 billion for the quarter, compared to the consensus estimate of C$4.29 billion. Canadian National Railway had a net margin of 32.86% and a return on equity of 27.06%. On average, equities research analysts anticipate that Canadian National Railway will post 8.0080569 EPS for the current year.

Canadian National Railway Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $0.845 per share. This represents a $3.38 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Friday, June 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 40.09%.

Insider Activity

In other news, Director Shauneen Elizabeth Bruder bought 488 shares of Canadian National Railway stock in a transaction that occurred on Tuesday, March 26th. The stock was bought at an average cost of C$177.40 per share, with a total value of C$86,571.20. In other news, Director Shauneen Elizabeth Bruder bought 488 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average cost of C$177.40 per share, for a total transaction of C$86,571.20. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of C$131.26, for a total transaction of C$342,577.38. Insiders own 1.69% of the company’s stock.

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.