Canadian National Railway (TSE:CNR) Shares Pass Above 200-Day Moving Average – What’s Next?

Canadian National Railway (TSE:CNR) (NYSE:CNI) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$133.28 and traded as high as C$137.59. Canadian National Railway shares last traded at C$130.99, with a volume of 2,490,722 shares traded.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Canadian National Railway from C$154.00 to C$153.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Berenberg Bank boosted their target price on shares of Canadian National Railway from C$148.00 to C$152.00 in a report on Tuesday, November 11th. Citigroup upped their price target on shares of Canadian National Railway from C$119.00 to C$120.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. CIBC lifted their price target on shares of Canadian National Railway from C$151.00 to C$154.00 in a report on Thursday, January 8th. Finally, Scotiabank boosted their price objective on shares of Canadian National Railway from C$160.00 to C$163.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$153.53.

Canadian National Railway Trading Down 3.8%

The business’s 50-day moving average is C$135.52 and its two-hundred day moving average is C$133.28. 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 stock has a market capitalization of C$80.62 billion, a PE ratio of 17.80, a PEG ratio of 3.38 and a beta of 0.80.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings data on Friday, January 30th. The company reported C$2.08 EPS for the quarter. Canadian National Railway had a return on equity of 27.10% and a net margin of 31.20%.The company had revenue of C$4.46 billion for the quarter. On average, analysts predict that Canadian National Railway will post 8.2610275 earnings per share for the current year.

Canadian National Railway Company Profile

CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.