Canadian National Railway (TSE:CNR) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$158.12 and traded as high as C$177.50. Canadian National Railway shares last traded at C$175.87, with a volume of 1,087,052 shares changing hands.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. BMO Capital Markets upped their price target on Canadian National Railway from C$180.00 to C$195.00 in a report on Monday, July 27th. Canadian Imperial Bank of Commerce raised their price target on shares of Canadian National Railway from C$185.00 to C$198.00 in a research note on Monday, July 27th. Sanford C. Bernstein lifted their price objective on Canadian National Railway from C$163.00 to C$196.00 in a research report on Thursday, July 16th. Evercore upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Finally, JPMorgan Chase & Co. upped their price target on Canadian National Railway from C$175.00 to C$182.00 in a research note on Monday, July 27th. Three 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$183.29.

Canadian National Railway Stock Performance

The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 103.26. The firm has a market capitalization of C$107.50 billion, a price-to-earnings ratio of 22.81, a P/E/G ratio of 3.38 and a beta of 1.19. The stock has a 50-day moving average price of C$173.90 and a 200 day moving average price of C$158.40.

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