Canadian National Railway (TSE:CNR) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Canadian National Railway (TSE:CNR) (NYSE:CNI) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$145.63 and traded as high as C$167.50. Canadian National Railway shares last traded at C$164.27, with a volume of 2,340,820 shares changing hands.

Analyst Upgrades and Downgrades

CNR has been the topic of a number of analyst reports. Raymond James Financial lifted their price target on Canadian National Railway from C$162.00 to C$170.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. lifted their price target on Canadian National Railway from C$147.00 to C$153.00 in a research note on Tuesday, April 7th. TD lifted their price target on Canadian National Railway from C$164.00 to C$171.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. National Bank Financial lifted their price target on Canadian National Railway from C$147.00 to C$164.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 15th. Finally, Scotia lifted their price target on Canadian National Railway from C$160.00 to C$162.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$158.00.

Canadian National Railway Stock Down 1.3%

The company has a current ratio of 0.67, a quick ratio of 0.58 and a debt-to-equity ratio of 104.96. The stock has a 50 day simple moving average of C$156.58 and a 200 day simple moving average of C$145.63. The firm has a market capitalization of C$99.65 billion, a PE ratio of 21.64, a PEG ratio of 3.38 and a beta of 1.21.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$1.80 EPS for the quarter. The business had revenue of C$4.38 billion for the quarter. Canadian National Railway had a return on equity of 21.93% and a net margin of 27.23%. As a group, sell-side analysts forecast that Canadian National Railway will post 8.2610275 earnings per share for the current year.

Insider Activity

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 620 shares of Canadian National Railway stock in a transaction dated Thursday, March 26th. The shares were purchased at an average cost of C$141.07 per share, with a total value of C$87,463.40. Following the completion of the purchase, the director owned 19,071 shares of the company’s stock, valued at approximately C$2,690,345.97. This represents a 3.36% increase in their ownership of the stock. Also, Director Albert Monaco bought 7,400 shares of Canadian National Railway stock in a transaction dated Friday, March 20th. The shares were acquired at an average cost of C$135.68 per share, for a total transaction of C$1,004,032.00. Following the completion of the purchase, the director directly owned 7,400 shares of the company’s stock, valued at approximately C$1,004,032. This trade represents a ∞ increase in their position. Over the last three months, insiders have acquired 8,370 shares of company stock valued at $1,144,954. Company insiders own 2.64% of the company’s stock.

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.