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

Key Points

• Shares of Canadian National Railway recently crossed above their 200-day moving average (200‑DMA C$134.99), trading as high as C$136.54 with about 2.34 million shares changing hands.
• Analysts give CN a consensus rating of "Moderate Buy" with an average price target of C$152.87, supported by a mix of 2 Strong Buy, 8 Buy, 7 Hold and 1 Sell ratings and several recent target revisions.
• Fundamentals remain solid: market cap roughly C$83.03 billion, P/E 18.33, last quarter EPS C$1.83, return on equity 27.1% and net margin 31.2% on C$4.17 billion in revenue.

Shares of Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$134.99 and traded as high as C$136.54. Canadian National Railway shares last traded at C$134.90, with a volume of 2,338,203 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CNR shares. JPMorgan Chase & Co. reduced their price objective on Canadian National Railway from C$154.00 to C$153.00 and set a "neutral" rating for the company in a report on Wednesday, October 8th. Cibc Captl Mkts raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Friday, November 28th. Sanford C. Bernstein reduced their price target on Canadian National Railway from C$149.00 to C$148.00 in a research note on Tuesday, September 30th. Berenberg Bank increased their price objective on Canadian National Railway from C$148.00 to C$152.00 in a research report on Tuesday, November 11th. Finally, Scotiabank lifted their target price on 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 analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Canadian National Railway currently has a consensus rating of "Moderate Buy" and an average price target of C$152.87.

Canadian National Railway Stock Down 0.5%

The firm has a market cap of C$83.03 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 3.38 and a beta of 0.82. The company has a debt-to-equity ratio of 107.59, a current ratio of 0.64 and a quick ratio of 0.58. The stock has a 50-day moving average of C$133.71 and a 200-day moving average of C$134.99.

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

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%).

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