Canadian National Railway (TSE:CNR) (NYSE:CNI) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $121.56 and traded as high as $122.56. Canadian National Railway shares last traded at $120.60, with a volume of 350,666 shares.

CNR has been the topic of a number of recent analyst reports. Cormark upped their price objective on Canadian National Railway from C$99.00 to C$101.00 in a report on Wednesday, July 24th. Raymond James reaffirmed an “outperform” rating and set a C$135.00 price objective on shares of Canadian National Railway in a research report on Wednesday, July 24th. National Bank Financial reduced their target price on shares of Canadian National Railway from C$126.00 to C$124.00 and set a “sector perform” rating on the stock in a report on Thursday, June 27th. Royal Bank of Canada raised their price target on Canadian National Railway from C$127.00 to C$128.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Canadian National Railway from C$122.00 to C$125.00 in a research report on Monday, July 29th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of C$125.09.

The stock has a market cap of $88.01 billion and a price-to-earnings ratio of 20.13. The company has a debt-to-equity ratio of 77.28, a current ratio of 0.69 and a quick ratio of 0.34. The firm’s 50-day moving average is C$122.74 and its 200 day moving average is C$121.59.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings data on Tuesday, July 23rd. The company reported C$1.73 EPS for the quarter, beating the consensus estimate of C$1.65 by C$0.08. The company had revenue of C$3.96 billion during the quarter, compared to analysts’ expectations of C$3.93 billion. On average, sell-side analysts forecast that Canadian National Railway will post 6.2915347 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 9th will be given a dividend of $0.5375 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.15 annualized dividend and a dividend yield of 1.76%. Canadian National Railway’s payout ratio is 32.74%.

In other Canadian National Railway news, insider Cascade Investment, L.L.C. purchased 143,188 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of C$121.34 per share, with a total value of C$17,374,575.11. Following the completion of the purchase, the insider now owns 100,592,796 shares in the company, valued at approximately C$12,206,030,459.44. Also, Senior Officer Sean Finn sold 6,000 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of C$121.29, for a total transaction of C$727,744.80. Following the completion of the transaction, the insider now owns 15,554 shares of the company’s stock, valued at approximately C$1,886,557.10. Over the last 90 days, insiders have purchased 428,636 shares of company stock worth $52,403,800 and have sold 22,609 shares worth $2,761,643.

About Canadian National Railway (TSE:CNR)

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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