Canadian National Railway (TSE:CNR) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI's share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$143.33 and traded as high as C$143.34. Canadian National Railway shares last traded at C$141.65, with a volume of 1,410,643 shares traded.

Wall Street Analyst Weigh In

CNR has been the subject of several recent research reports. BMO Capital Markets dropped 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 report on Friday, May 2nd. JPMorgan Chase & Co. dropped their price objective on Canadian National Railway from C$170.00 to C$162.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. ATB Capital cut their price objective on shares of Canadian National Railway from C$159.00 to C$156.00 and set a "sector perform" rating for the company in a research report on Friday, May 2nd. UBS Group upped their price objective on shares of Canadian National Railway from C$172.00 to C$174.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, Barclays decreased their target price on shares of 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 analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway has a consensus rating of "Moderate Buy" and an average target price of C$159.79.

Canadian National Railway Stock Up 0.2%

The firm has a fifty day simple moving average of C$142.05 and a 200-day simple moving average of C$143.20. The company has a market capitalization of C$88.90 billion, a PE ratio of 15.34, a P/E/G ratio of 3.38 and a beta of 0.65. The company has a debt-to-equity ratio of 107.59, a quick ratio of 0.58 and a current ratio of 0.64.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 9th were paid a $0.8875 dividend. This represents a $3.55 dividend on an annualized basis and a dividend yield of 2.50%. This is a positive change 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 news, Director Susan C. Jones bought 1,461 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of C$136.62 per share, for a total transaction of C$199,600.80. Also, Director Shauneen Elizabeth Bruder purchased 627 shares of the stock in a transaction dated Wednesday, June 25th. The stock was purchased at an average price of C$139.47 per share, with a total value of C$87,448.44. Company 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%).