Canadian National Railway (TSE:CNR) Shares Pass Below 200 Day Moving Average – What’s Next?

by · The Markets Daily

Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$156.96 and traded as low as C$144.56. Canadian National Railway shares last traded at C$144.76, with a volume of 866,016 shares.

Analyst Ratings Changes

Several analysts have weighed in on CNR shares. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. TD Securities reduced their price target on Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. ATB Capital boosted their target price on shares of Canadian National Railway from C$167.00 to C$168.00 in a report on Wednesday, October 23rd. Citigroup upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Finally, CIBC dropped their price objective on shares of Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$171.07.

Check Out Our Latest Stock Analysis on Canadian National Railway

Canadian National Railway Trading Up 0.8 %

The stock has a 50-day simple moving average of C$151.65 and a two-hundred day simple moving average of C$156.78. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63. The firm has a market cap of C$91.89 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65.

Canadian National Railway Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were given a $0.845 dividend. This represents a $3.38 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Monday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is presently 40.14%.

Insider Activity

In related news, Director David Lund Freeman bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were bought at an average cost of C$152.57 per share, with a total value of C$152,572.80. Also, Director Shauneen Elizabeth Bruder bought 608 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price of C$145.24 per share, for a total transaction of C$88,307.74. Insiders have bought 6,694 shares of company stock valued at $1,005,958 in the last ninety days. 2.64% of the stock is currently owned by company insiders.

About Canadian National Railway

(Get Free Report)

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.

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