Canadian National Railway (TSE:CNR) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Canadian National Railway (TSE:CNR) (NYSE:CNI) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$159.94 and traded as high as C$178.25. Canadian National Railway shares last traded at C$176.97, with a volume of 617,136 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have commented on CNR. Citizens Jmp raised shares of Canadian National Railway to a “hold” rating in a report on Wednesday, July 15th. Canadian Imperial Bank of Commerce increased their target price on shares of Canadian National Railway from C$185.00 to C$198.00 in a report on Monday, July 27th. Scotia raised their price target on shares of Canadian National Railway from C$194.00 to C$199.00 and gave the stock a “sector outperform” rating in a research report on Monday, July 27th. Royal Bank Of Canada lifted their price target on shares of Canadian National Railway from C$195.00 to C$205.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Finally, Wells Fargo & Company boosted their price objective on shares of Canadian National Railway from C$135.00 to C$145.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Canadian National Railway has a consensus rating of “Moderate Buy” and an average target price of C$183.29.

Canadian National Railway Stock Performance

The company has a debt-to-equity ratio of 103.26, a quick ratio of 0.57 and a current ratio of 0.87. The stock has a 50 day moving average of C$175.46 and a 200 day moving average of C$160.20. The stock has a market capitalization of C$105.72 billion, a P/E ratio of 22.44, a P/E/G ratio of 3.38 and a beta of 1.19.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its earnings results on Friday, July 24th. The company reported C$2.08 earnings per share (EPS) for the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%.The company had revenue of C$4.75 billion for the quarter. Equities analysts predict 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.