Canadian National Railway (TSE:CNR) Shares Pass Above 200-Day Moving Average - Time to Sell?

Key Points

• Canadian National Railway shares crossed above their 200-day moving average, reaching C$171.35 before closing at C$169.81. The stock remains below its 50-day moving average of C$175.89.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of C$183.29; several firms recently raised their targets to between C$195 and C$205.
• In its latest quarter, CN reported C$2.08 in EPS 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 crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$162.12 and traded as high as C$171.35. Canadian National Railway shares last traded at C$169.81, with a volume of 1,472,387 shares.

Analyst Ratings Changes

A number of research firms have commented on CNR. Citizens Jmp raised shares of Canadian National Railway to a "hold" rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. lifted their target price on shares of Canadian National Railway from C$175.00 to C$182.00 in a research report on Monday, July 27th. Desjardins boosted their price target on shares of Canadian National Railway from C$185.00 to C$199.00 and gave the company a "buy" rating in a report on Monday, July 27th. TD upped their price target on shares of Canadian National Railway from C$191.00 to C$205.00 and gave the company a "buy" rating in a research report on Monday, July 27th. Finally, BMO Capital Markets upped their price target on shares of Canadian National Railway from C$180.00 to C$195.00 in a research report on Monday, July 27th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$183.29.

Canadian National Railway Stock Up 0.1%

The stock has a market capitalization of C$102.72 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 3.38 and a beta of 1.13. 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 firm has a 50-day moving average of C$175.89 and a two-hundred day moving average of C$162.12.

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. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%.The firm had revenue of C$4.75 billion during the quarter. As a group, sell-side analysts anticipate that Canadian National Railway will post 8.2610275 earnings per share for the current year.

About Canadian National Railway

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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