Canadian National Railway (TSE:CNR) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$155.35 and traded as high as C$179.19. Canadian National Railway shares last traded at C$179.05, with a volume of 1,993,320 shares.

Wall Street Analyst Weigh In

CNR has been the subject of a number of research reports. Evercore upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Barclays increased their price objective on shares of Canadian National Railway from C$155.00 to C$185.00 and gave the company an “equal weight” rating in a report on Monday, July 27th. Royal Bank Of Canada lifted their target price on 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. Scotiabank increased their price target on Canadian National Railway from C$162.00 to C$194.00 in a research note on Thursday, July 16th. Finally, JPMorgan Chase & Co. raised their price target on Canadian National Railway from C$175.00 to C$182.00 in a report on Monday, July 27th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$183.29.

Canadian National Railway Price Performance

The stock has a 50 day moving average of C$172.20 and a 200-day moving average of C$155.90. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 103.26. The stock has a market capitalization of C$107.24 billion, a P/E ratio of 22.76, a price-to-earnings-growth ratio of 3.38 and a beta of 1.19.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its earnings results 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 return on equity of 22.19% and a net margin of 26.92%. On average, equities research analysts anticipate that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Justin M. Howell bought 350 shares of Canadian National Railway stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of C$152.74 per share, with a total value of C$53,459.00. Following the completion of the transaction, the director owned 350 shares in the company, valued at C$53,459. The trade was a ∞ increase in their position. 2.64% of the stock is owned by corporate insiders.

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.