Canadian National Railway (TSE:CNR) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Canadian National Railway (TSE:CNR) (NYSE:CNI) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$161.14 and traded as high as C$170.56. Canadian National Railway shares last traded at C$169.87, with a volume of 1,907,973 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada upped their price objective on shares of Canadian National Railway from C$195.00 to C$205.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Citizens Jmp upgraded shares of Canadian National Railway to a “hold” rating in a report on Wednesday, July 15th. Barclays boosted their price target on Canadian National Railway from C$155.00 to C$185.00 and gave the stock an “equal weight” rating in a research report on Monday, July 27th. Sanford C. Bernstein upped their price target on Canadian National Railway from C$163.00 to C$196.00 in a research note on Thursday, July 16th. Finally, Desjardins raised their price objective on Canadian National Railway from C$185.00 to C$199.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$183.29.

Canadian National Railway Stock Up 0.4%

The company’s 50-day moving average is C$176.11 and its 200 day moving average is C$161.20. The company has a market capitalization of C$103.18 billion, a PE ratio of 21.90, a P/E/G ratio of 3.38 and a beta of 1.13. The company has a debt-to-equity ratio of 103.26, a quick ratio of 0.57 and a current ratio of 0.87.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings data on Friday, July 24th. The company reported C$2.08 earnings per share for the quarter. The business had revenue of C$4.75 billion during the quarter. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.19%. As a group, analysts anticipate that Canadian National Railway will post 8.2610275 EPS for the current 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.