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

Canadian National Railway (TSE:CNR) (NYSE:CNI)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$133.28 and traded as high as C$145.25. Canadian National Railway shares last traded at C$143.77, with a volume of 2,856,686 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CNR. Citigroup lifted their price objective on shares of Canadian National Railway from C$119.00 to C$120.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Berenberg Bank raised their price target on Canadian National Railway from C$148.00 to C$152.00 in a report on Tuesday, November 11th. Vertical Research upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 5th. Royal Bank Of Canada reduced their price objective on Canadian National Railway from C$153.00 to C$151.00 and set an “outperform” rating for the company in a research note on Monday, February 2nd. Finally, UBS Group downgraded Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Canadian National Railway presently has a consensus rating of “Moderate Buy” and an average price target of C$151.60.

Canadian National Railway Trading Up 2.6%

The stock has a market cap of C$87.90 billion, a PE ratio of 18.99, a PEG ratio of 3.38 and a beta of 0.85. The company has a debt-to-equity ratio of 107.59, a quick ratio of 0.58 and a current ratio of 0.64. The business has a 50-day moving average of C$136.17 and a 200 day moving average of C$133.28.

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 return on equity of 27.10% and a net margin of 31.20%.The business had revenue of C$4.46 billion during the quarter. Equities research analysts predict that Canadian National Railway will post 8.2610275 EPS for the current fiscal 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.