Canadian National Railway (TSE:CNR) Stock Breaks Above 200-Day Moving Average – Time to Sell?

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$162.78 and traded as high as C$168.31. Canadian National Railway shares last traded at C$168.26, with a volume of 836,133 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CNR. Scotia upped their price objective on shares of 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. Evercore upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Susquehanna downgraded shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Desjardins upped their price target on shares of 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. Finally, Wells Fargo & Company raised their price objective on Canadian National Railway from C$135.00 to C$145.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned 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 target price of C$182.76.

Canadian National Railway Price 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’s fifty day moving average price is C$174.58 and its 200-day moving average price is C$163.08. The stock has a market cap of C$102.57 billion, a P/E ratio of 21.77, a PEG ratio of 3.38 and a beta of 1.13.

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