Canadian National Railway (TSE:CNR) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Canadian National Railway (TSE:CNR) (NYSE:CNI)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$133.63 and traded as high as C$139.44. Canadian National Railway shares last traded at C$139.34, with a volume of 452,754 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CNR shares. Cibc Captl Mkts raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. National Bankshares set a C$150.00 price objective on shares of Canadian National Railway and gave the stock a “sector perform” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. reduced their target price on shares of Canadian National Railway from C$154.00 to C$153.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Royal Bank Of Canada lowered their price target on shares of Canadian National Railway from C$158.00 to C$153.00 and set an “outperform” rating on the stock in a research note on Thursday, December 18th. Finally, Vertical Research raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 5th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$153.33.

Canadian National Railway Stock Performance

The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. The stock’s fifty day moving average is C$135.09 and its two-hundred day moving average is C$133.63. The firm has a market capitalization of C$85.76 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 3.38 and a beta of 0.80.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Friday, October 31st. The company reported C$1.83 EPS for the quarter. The company had revenue of C$4.17 billion during the quarter. Canadian National Railway had a net margin of 31.20% and a return on equity of 27.10%. On average, analysts predict 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.