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

by · The Cerbat Gem

Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$134.31 and traded as high as C$135.45. Canadian National Railway shares last traded at C$134.95, with a volume of 473,744 shares changing hands.

Analysts Set New Price Targets

CNR has been the subject of several analyst reports. Sanford C. Bernstein decreased their target price on Canadian National Railway from C$149.00 to C$148.00 in a research report on Tuesday, September 30th. Berenberg Bank lifted their price objective on shares of Canadian National Railway from C$148.00 to C$152.00 in a research note on Tuesday, November 11th. Cibc Captl Mkts upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. ATB Capital upped their target price on shares of Canadian National Railway from C$150.00 to C$151.00 and gave the company a “sector perform” rating in a research note on Monday, November 3rd. Finally, Scotiabank increased their target price on shares of Canadian National Railway from C$150.00 to C$160.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$153.20.

View Our Latest Research Report on CNR

Canadian National Railway Trading Down 0.2%

The firm has a market capitalization of C$83.06 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 3.38 and a beta of 0.82. The business’s fifty day moving average is C$133.90 and its 200 day moving average is C$134.31. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59.

Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) last announced its earnings results on Friday, October 31st. The company reported C$1.83 earnings per share for the quarter. Canadian National Railway had a net margin of 31.20% and a return on equity of 27.10%. The firm had revenue of C$4.17 billion during the quarter. Equities analysts predict that Canadian National Railway will post 8.2610275 earnings per share for the current year.

About Canadian National Railway

(Get Free Report)

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.

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