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

Canadian National Railway (TSE:CNR) (NYSE:CNI)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$162.12 and traded as high as C$171.35. Canadian National Railway shares last traded at C$169.81, with a volume of 1,472,387 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CNR. Sanford C. Bernstein boosted their target price on shares of Canadian National Railway from C$163.00 to C$196.00 in a research report on Thursday, July 16th. JPMorgan Chase & Co. lifted their price target on shares of Canadian National Railway from C$175.00 to C$182.00 in a research note on Monday, July 27th. Barclays boosted their price objective on shares of Canadian National Railway from C$155.00 to C$185.00 and gave the stock an “equal weight” rating in a report on Monday, July 27th. Susquehanna cut shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, Scotia raised their target price on Canadian National Railway from C$194.00 to C$199.00 and gave the company a “sector outperform” rating in a research note on Monday, July 27th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Canadian National Railway presently has a consensus rating of “Moderate Buy” and a consensus target price of C$183.29.

Canadian National Railway Price Performance

The company has a debt-to-equity ratio of 103.26, a current ratio of 0.87 and a quick ratio of 0.57. The firm has a market cap of C$101.23 billion, a price-to-earnings ratio of 21.48, a P/E/G ratio of 3.38 and a beta of 1.13. The business’s 50-day moving average price is C$175.79 and its two-hundred day moving average price is C$162.26.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings results on Friday, July 24th. The company reported C$2.08 earnings per share (EPS) for the quarter. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.19%. The firm had revenue of C$4.75 billion for the quarter. On average, research analysts forecast that Canadian National Railway will post 8.2610275 EPS 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.