Canadian National Railway (TSE:CNR) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Canadian National Railway's share price crossed above its 200-day moving average
• Analyst activity is mixed: Vertical Research upgraded CNR to a strong-buy while several firms trimmed price targets (roughly C$146–164); the consensus rating is "Moderate Buy" with a C$152 target.
• Recent fundamentals: last quarter EPS C$2.08 and revenue C$4.46 billion, market cap ~C$89.65 billion, PE 19.37, return on equity 21.95% and net margin 27.28%.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI's share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$135.96 and traded as high as C$147.12. Canadian National Railway shares last traded at C$146.63, with a volume of 1,887,936 shares trading hands.

Analyst Ratings Changes

CNR has been the topic of several analyst reports. Vertical Research raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 5th. TD Securities lowered their price objective on Canadian National Railway from C$166.00 to C$164.00 and set a "buy" rating for the company in a research report on Monday, February 2nd. ATB Cormark Capital Markets cut their target price on Canadian National Railway from C$153.00 to C$146.00 and set a "sector perform" rating for the company in a research note on Monday, February 2nd. National Bank Financial reduced their target price on Canadian National Railway from C$150.00 to C$147.00 and set a "sector perform" rating on the stock in a research report on Monday, February 2nd. Finally, JPMorgan Chase & Co. lowered their price target on Canadian National Railway from C$149.00 to C$147.00 in a report on Monday, February 2nd. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$152.00.

Canadian National Railway Trading Up 1.0%

The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 101.25. The business has a 50-day simple moving average of C$141.38 and a 200-day simple moving average of C$135.96. The company has a market cap of C$89.65 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 3.38 and a beta of 1.13.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI last posted its quarterly earnings data on Friday, January 30th. The company reported C$2.08 earnings per share (EPS) for the quarter. The firm had revenue of C$4.46 billion for the quarter. Canadian National Railway had a return on equity of 21.95% and a net margin of 27.28%. On average, 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.

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