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

Canadian National Railway (TSE:CNR) (NYSE:CNI) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$133.28 and traded as high as C$137.59. Canadian National Railway shares last traded at C$130.99, with a volume of 2,490,722 shares.

Analyst Upgrades and Downgrades

CNR has been the topic of several research reports. Desjardins cut their price objective on Canadian National Railway from C$161.00 to C$160.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. Scotiabank lifted their price target on shares of Canadian National Railway from C$160.00 to C$163.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. JPMorgan Chase & Co. lowered their price objective on Canadian National Railway from C$154.00 to C$153.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. ATB Capital raised their price target on shares of Canadian National Railway from C$150.00 to C$151.00 and gave the company a “sector perform” rating in a research note on Monday, November 3rd. Finally, CIBC lifted their price objective on shares of Canadian National Railway from C$151.00 to C$154.00 in a research note on Thursday, January 8th. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$153.53.

Canadian National Railway Stock Down 3.8%

The firm has a 50-day moving average of C$135.52 and a two-hundred day moving average of C$133.23. The stock has a market capitalization of C$80.37 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 3.38 and a beta of 0.80. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Friday, January 30th. The company reported C$2.08 EPS for the quarter. Canadian National Railway had a net margin of 31.20% and a return on equity of 27.10%. The firm had revenue of C$4.46 billion for the quarter. As a group, sell-side analysts anticipate 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.