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

Key Points

• Canadian National Railway shares rose above their 200-day moving average of C$164.81, reaching C$168.77 before closing at C$164.99 on trading volume of about 1.32 million shares.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of C$182.76. Recent targets ranged from C$195 to C$205, although Susquehanna downgraded the stock to “Hold.”
• In its latest quarter, CN reported C$2.08 in earnings per share and C$4.75 billion in revenue, alongside a 26.92% net margin and 22.19% return on equity.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI shares passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$164.81 and traded as high as C$168.77. Canadian National Railway shares last traded at C$164.99, with a volume of 1,317,612 shares traded.

Analysts Set New Price Targets

Several brokerages have issued reports on CNR. BMO Capital Markets lifted their price objective on Canadian National Railway from C$180.00 to C$195.00 in a research report on Monday, July 27th. Raymond James Financial raised their target price on Canadian National Railway from C$198.00 to C$200.00 and gave the company an "outperform" rating in a research note on Monday, July 27th. Susquehanna cut Canadian National Railway from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 14th. Evercore upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 25th. Finally, TD increased their price objective on shares of Canadian National Railway from C$191.00 to C$205.00 and gave the stock a "buy" rating in a report on Monday, July 27th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$182.76.

Canadian National Railway Stock Down 2.0%

The firm's 50-day moving average is C$172.40 and its two-hundred day moving average is C$164.81. The company has a debt-to-equity ratio of 103.26, a quick ratio of 0.57 and a current ratio of 0.87. The stock has a market cap of C$99.67 billion, a P/E ratio of 21.18, a PEG ratio of 3.38 and a beta of 1.16.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI last announced its quarterly earnings data on Friday, July 24th. The company reported C$2.08 EPS for the quarter. The firm had revenue of C$4.75 billion for the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%. On average, equities research analysts anticipate that Canadian National Railway will post 8.2610275 earnings per share for the current 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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