Canadian National Railway (TSE:CNR) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Canadian National Railway shares moved above their 200-day moving average, reaching C$170.56 and last trading at C$169.87, up 1.0%.
• Analysts have raised several price targets, with the stock receiving a “Moderate Buy” consensus rating and an average target of C$183.29.
• In its latest quarter, CN reported C$2.08 in earnings per share and C$4.75 billion in revenue, with a 26.92% net margin and 22.19% return on equity.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI's stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$161.14 and traded as high as C$170.56. Canadian National Railway shares last traded at C$169.87, with a volume of 1,907,973 shares traded.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Canadian National Railway from C$135.00 to C$145.00 and gave the company an "overweight" rating in a research note on Monday, July 27th. National Bank Financial raised their target price on shares of Canadian National Railway from C$173.00 to C$192.00 and gave the stock a "sector perform" rating in a research note on Monday, July 27th. Scotiabank boosted their target price on Canadian National Railway from C$162.00 to C$194.00 in a report on Thursday, July 16th. Barclays boosted their target price on Canadian National Railway from C$155.00 to C$185.00 and gave the stock an "equal weight" rating in a report on Monday, July 27th. Finally, Scotia increased their price target on Canadian National Railway from C$194.00 to C$199.00 and gave the company a "sector outperform" rating in a report on Monday, July 27th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Canadian National Railway currently has an average rating of "Moderate Buy" and a consensus target price of C$183.29.

Canadian National Railway Trading Up 1.0%

The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 103.26. The company's 50-day moving average is C$176.12 and its 200-day moving average is C$161.14. The stock has a market capitalization of C$102.75 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 3.38 and a beta of 1.19.

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