Canadian National Railway (TSE:CNR) Stock Passes Above 200-Day Moving Average - What's Next?

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$145.07 and traded as high as C$146.16. Canadian National Railway shares last traded at C$145.11, with a volume of 203,251 shares.

Analyst Ratings Changes

A number of equities research analysts have commented on CNR shares. JPMorgan Chase & Co. dropped their price objective on shares of Canadian National Railway from C$170.00 to C$162.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Raymond James lowered Canadian National Railway from an "outperform" rating to a "market perform" rating and dropped their target price for the company from C$180.00 to C$150.00 in a report on Tuesday, April 22nd. Scotiabank cut their price target on Canadian National Railway from C$166.00 to C$160.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. UBS Group upped their price objective on Canadian National Railway from C$172.00 to C$174.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, Barclays cut their target price on Canadian National Railway from C$150.00 to C$145.00 and set an "equal weight" rating on the stock in a research 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 company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$159.43.

Canadian National Railway Trading Down 0.2%

The company has a debt-to-equity ratio of 107.59, a quick ratio of 0.58 and a current ratio of 0.64. The stock has a market capitalization of C$90.67 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The business's 50-day moving average is C$140.14 and its two-hundred day moving average is C$145.00.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be paid a dividend of $0.8875 per share. This represents a $3.55 dividend on an annualized basis and a dividend yield of 2.45%. This is an increase from Canadian National Railway's previous quarterly dividend of $0.85. Canadian National Railway's dividend payout ratio is 36.54%.

Insider Activity

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 645 shares of the business's stock in a transaction on Wednesday, March 26th. The stock was bought at an average price of C$141.56 per share, for a total transaction of C$91,308.14. Also, Director Susan C. Jones purchased 1,461 shares of Canadian National Railway stock in a transaction on Tuesday, May 6th. The stock was acquired at an average cost of C$136.62 per share, for a total transaction of C$199,600.80. Insiders own 2.64% of the company's stock.

About Canadian National Railway

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%).