Canadian National Railway (TSE:CNR) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Canadian National Railway (TSE:CNR) (NYSE:CNI)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$145.63 and traded as high as C$167.50. Canadian National Railway shares last traded at C$164.27, with a volume of 2,340,820 shares traded.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Sanford C. Bernstein lifted their price objective on shares of Canadian National Railway from C$156.00 to C$163.00 in a research report on Tuesday, March 31st. ATB Cormark Capital Markets boosted their target price on shares of Canadian National Railway from C$146.00 to C$150.00 and gave the stock a “sector perform” rating in a research report on Friday, April 17th. BMO Capital Markets boosted their target price on shares of Canadian National Railway from C$158.00 to C$169.00 in a research report on Thursday, February 19th. TD boosted their target price on shares of Canadian National Railway from C$164.00 to C$171.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Finally, Royal Bank Of Canada boosted their target price on shares of Canadian National Railway from C$160.00 to C$178.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$158.00.

Canadian National Railway Stock Performance

The company has a market cap of C$97.64 billion, a PE ratio of 21.21, a P/E/G ratio of 3.38 and a beta of 1.21. The company has a current ratio of 0.67, a quick ratio of 0.58 and a debt-to-equity ratio of 104.96. The firm’s 50-day simple moving average is C$157.28 and its two-hundred day simple moving average is C$146.07.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its earnings results on Wednesday, April 29th. The company reported C$1.80 earnings per share for the quarter. The company had revenue of C$4.38 billion for the quarter. Canadian National Railway had a net margin of 27.23% and a return on equity of 21.93%. As a group, research analysts anticipate that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

Insider Buying and Selling at Canadian National Railway

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder acquired 620 shares of the firm’s stock in a transaction on Thursday, March 26th. The stock was acquired at an average cost of C$141.07 per share, for a total transaction of C$87,463.40. Following the purchase, the director owned 19,071 shares in the company, valued at approximately C$2,690,345.97. The trade was a 3.36% increase in their position. Also, Director Justin M. Howell acquired 350 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were acquired at an average price of C$152.74 per share, with a total value of C$53,459.00. Following the completion of the purchase, the director owned 350 shares in the company, valued at approximately C$53,459. This trade represents a ∞ increase in their position. In the last ninety days, insiders acquired 8,370 shares of company stock worth $1,144,954. Company insiders own 2.64% of the company’s stock.

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.