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Canadian National Railway (TSE:CNR) Shares Cross Above 200 Day Moving Average - Should You Sell?

Canadian National Railway logo with Industrials background

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$144.45 and traded as high as C$144.98. Canadian National Railway shares last traded at C$142.73, with a volume of 1,843,935 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CNR shares. BMO Capital Markets cut their target price on shares of Canadian National Railway from C$175.00 to C$168.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. CIBC lifted their price target on shares of Canadian National Railway from C$146.00 to C$155.00 in a report on Thursday, May 22nd. Desjardins lowered their price target on shares of Canadian National Railway from C$169.00 to C$160.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Susquehanna raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, UBS Group lifted their price target on shares of Canadian National Railway from C$172.00 to C$174.00 and gave the company a "buy" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$159.79.

Check Out Our Latest Stock Analysis on CNR

Canadian National Railway Price Performance

The firm's fifty day moving average price is C$141.12 and its 200 day moving average price is C$144.18. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. The stock has a market cap of C$88.40 billion, a PE ratio of 15.25, a P/E/G ratio of 3.38 and a beta of 0.65.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be paid a dividend of $0.8875 per share. This is an increase from Canadian National Railway's previous quarterly dividend of $0.85. This represents a $3.55 dividend on an annualized basis and a yield of 2.52%. Canadian National Railway's dividend payout ratio is presently 36.54%.

Insider Activity at Canadian National Railway

In other Canadian National Railway news, Director Susan C. Jones purchased 1,461 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average price of C$136.62 per share, with a total value of C$199,600.80. Also, Director Shauneen Elizabeth Bruder purchased 645 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The shares were acquired at an average cost of C$141.56 per share, for a total transaction of C$91,308.14. 2.64% of the stock is owned by insiders.

About Canadian National Railway

(Get Free Report)

Canadian National's railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2019, CN delivered almost 6 million carloads over its 19,600 miles of track. CN generated roughly CAD 14 billion in total revenue by hauling intermodal containers (25% of consolidated revenue), petroleum and chemicals (21%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (6%), and coal (4%).

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