Canadian National Railway (TSE:CNR) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Canadian National Railway (TSE:CNR) (NYSE:CNI) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$133.28 and traded as high as C$145.25. Canadian National Railway shares last traded at C$143.77, with a volume of 2,856,686 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Berenberg Bank upped their price objective on Canadian National Railway from C$148.00 to C$152.00 in a research report on Tuesday, November 11th. TD Securities cut their target price on shares of Canadian National Railway from C$166.00 to C$164.00 and set a “buy” rating for the company in a research note on Monday, February 2nd. Scotiabank dropped their price target on Canadian National Railway from C$163.00 to C$155.00 and set an “outperform” rating for the company in a research report on Monday, February 2nd. UBS Group cut shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, National Bankshares dropped their target price on Canadian National Railway from C$150.00 to C$147.00 and set a “sector perform” rating for the company in a report on Monday, February 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$151.60.

Canadian National Railway Stock Performance

The company has a market capitalization of C$87.90 billion, a PE ratio of 18.99, a P/E/G ratio of 3.38 and a beta of 0.85. The company has a debt-to-equity ratio of 107.59, a quick ratio of 0.58 and a current ratio of 0.64. The stock’s 50-day simple moving average is C$136.17 and its 200 day simple moving average is C$133.28.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its earnings results on Friday, January 30th. The company reported C$2.08 earnings per share for the quarter. Canadian National Railway had a return on equity of 27.10% and a net margin of 31.20%.The firm had revenue of C$4.46 billion during the quarter. As a group, research analysts expect that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal 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.