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

Canadian National Railway (TSE:CNR) (NYSE:CNI)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$134.31 and traded as high as C$135.45. Canadian National Railway shares last traded at C$134.95, with a volume of 473,744 shares.

Wall Street Analysts Forecast Growth

CNR has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of Canadian National Railway from C$154.00 to C$153.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Cibc Captl Mkts upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. CIBC upgraded shares of Canadian National Railway from a “neutral” rating to an “outperform” rating and lifted their price target for the company from C$146.00 to C$151.00 in a research note on Friday, November 28th. Desjardins increased their price objective on shares of Canadian National Railway from C$151.00 to C$161.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Finally, Scotiabank raised their price objective on Canadian National Railway from C$150.00 to C$160.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$153.20.

Canadian National Railway Stock Performance

The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. The stock’s fifty day moving average is C$133.90 and its two-hundred day moving average is C$134.31. The firm has a market capitalization of C$83.06 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 3.38 and a beta of 0.82.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Friday, October 31st. The company reported C$1.83 EPS for the quarter. Canadian National Railway had a net margin of 31.20% and a return on equity of 27.10%. The company had revenue of C$4.17 billion during the quarter. On average, analysts predict that Canadian National Railway will post 8.2610275 earnings per share for the current year.

About Canadian National Railway

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.