Canadian National Railway (TSE:CNR) Stock Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Canadian National Railway shares crossed above their 200-day moving average, reaching C$168.31 before closing at C$168.26, compared with a 200-day average of C$162.78.
• Analysts remain broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of C$183.29. Several firms recently raised their targets to between C$185 and C$200.
• 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's share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$162.78 and traded as high as C$168.31. Canadian National Railway shares last traded at C$168.26, with a volume of 836,133 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have commented on CNR shares. Scotia increased their price target on shares of Canadian National Railway from C$194.00 to C$199.00 and gave the company a "sector outperform" rating in a research note on Monday, July 27th. Raymond James Financial upped their price target on shares of Canadian National Railway from C$198.00 to C$200.00 and gave the company an "outperform" rating in a research report on Monday, July 27th. ATB Cormark Capital Markets raised their price objective on shares of Canadian National Railway from C$166.00 to C$185.00 and gave the stock a "sector perform" rating in a research report on Monday, July 27th. National Bank Financial upped their target price on shares of Canadian National Railway from C$173.00 to C$192.00 and gave the company a "sector perform" rating in a report on Monday, July 27th. Finally, Stephens raised Canadian National Railway to a "hold" rating in a report on Wednesday, July 8th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$183.29.

Canadian National Railway Price Performance

The firm has a market capitalization of C$101.78 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 3.38 and a beta of 1.13. The business has a fifty day moving average of C$174.91 and a 200-day moving average of C$162.78. The company has a debt-to-equity ratio of 103.26, a quick ratio of 0.57 and a current ratio of 0.87.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI last posted 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 company had revenue of C$4.75 billion for the quarter. On average, sell-side analysts forecast that Canadian National Railway will post 8.2610275 EPS 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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