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

Canadian National Railway (TSE:CNR) (NYSE:CNI)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$133.63 and traded as high as C$139.44. Canadian National Railway shares last traded at C$139.34, with a volume of 452,754 shares traded.

Wall Street Analyst Weigh In

CNR has been the topic of several recent analyst reports. Desjardins reduced their price objective on shares of Canadian National Railway from C$161.00 to C$160.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. National Bankshares set a C$150.00 target price on shares of Canadian National Railway and gave the stock a “sector perform” rating in a report on Thursday, January 8th. Vertical Research raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 5th. Sanford C. Bernstein lowered their price objective on shares of Canadian National Railway from C$149.00 to C$148.00 in a research report on Tuesday, September 30th. Finally, Scotiabank raised their price objective on Canadian National Railway from C$150.00 to C$160.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and an average target price of C$153.33.

Canadian National Railway Price Performance

The company’s fifty day moving average price is C$135.09 and its two-hundred day moving average price is C$133.63. 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 company has a market cap of C$85.76 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 3.38 and a beta of 0.80.

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