Canadian National Railway (TSE:CNR) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$136.50 and traded as high as C$139.02. Canadian National Railway shares last traded at C$138.34, with a volume of 1,826,612 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CNR shares. TD Securities lowered their price objective 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. ATB Cormark Capital Markets cut their target price on shares of Canadian National Railway from C$153.00 to C$146.00 and set a “sector perform” rating on the stock in a research note on Monday, February 2nd. Vertical Research upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. JPMorgan Chase & Co. decreased their price target on shares of Canadian National Railway from C$149.00 to C$147.00 in a research note on Monday, February 2nd. Finally, BMO Capital Markets upped their price objective on shares of Canadian National Railway from C$158.00 to C$169.00 in a report on Thursday, February 19th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$152.00.

Canadian National Railway Trading Up 2.1%

The business has a fifty day moving average of C$142.16 and a 200-day moving average of C$136.50. The company has a debt-to-equity ratio of 101.25, a quick ratio of 0.58 and a current ratio of 0.67. The company has a market capitalization of C$84.58 billion, a P/E ratio of 18.27, a PEG ratio of 3.38 and a beta of 1.13.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Friday, January 30th. The company reported C$2.08 EPS for the quarter. The business had revenue of C$4.46 billion during the quarter. Canadian National Railway had a net margin of 27.28% and a return on equity of 21.95%. Analysts anticipate 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.