Canadian National Railway (TSE:CNR) Stock Passes Above 200 Day Moving Average of $169.85

Canadian National Railway (TSE:CNRGet Free Report) (NYSE:CNI) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$169.85 and traded as high as C$173.69. Canadian National Railway shares last traded at C$173.50, with a volume of 2,249,381 shares.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CNR shares. National Bankshares raised their price objective on shares of Canadian National Railway from C$172.00 to C$190.00 in a report on Thursday, April 4th. Desjardins raised their price objective on shares of Canadian National Railway from C$189.00 to C$195.00 and gave the stock a “buy” rating in a report on Friday, April 12th. CIBC raised their price objective on shares of Canadian National Railway from C$177.00 to C$183.00 and gave the stock a “neutral” rating in a report on Wednesday, March 27th. Barclays raised their price objective on shares of Canadian National Railway from C$170.00 to C$175.00 in a report on Thursday, April 4th. Finally, BMO Capital Markets raised their price target on shares of Canadian National Railway from C$185.00 to C$195.00 in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway currently has an average rating of “Hold” and an average price target of C$184.50.

Check Out Our Latest Research Report on Canadian National Railway

Canadian National Railway Trading Up 2.2 %

The stock has a market capitalization of C$110.38 billion, a P/E ratio of 21.16, a PEG ratio of 2.06 and a beta of 0.66. The company has a debt-to-equity ratio of 101.48, a current ratio of 0.60 and a quick ratio of 0.58. The business’s 50 day simple moving average is C$173.85 and its 200-day simple moving average is C$169.85.

Canadian National Railway (TSE:CNRGet Free Report) (NYSE:CNI) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported C$1.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$1.72. Canadian National Railway had a net margin of 32.86% and a return on equity of 27.06%. The firm had revenue of C$4.25 billion for the quarter, compared to analysts’ expectations of C$4.29 billion. As a group, analysts forecast that Canadian National Railway will post 7.7897884 EPS for the current year.

Canadian National Railway Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a dividend of $0.845 per share. The ex-dividend date is Friday, June 7th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 1.95%. Canadian National Railway’s dividend payout ratio is 41.22%.

Insider Transactions at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder purchased 488 shares of Canadian National Railway stock in a transaction dated Tuesday, March 26th. The shares were bought at an average cost of C$177.40 per share, with a total value of C$86,571.20. Insiders own 1.69% of the company’s stock.

About Canadian National Railway

(Get Free Report)

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.

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