Canadian National Railway (TSE:CNR) Shares Cross Below Two Hundred Day Moving Average - Here's Why

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$156.96 and traded as low as C$144.56. Canadian National Railway shares last traded at C$144.76, with a volume of 866,016 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CNR shares. TD Securities decreased their price objective on shares of Canadian National Railway from C$180.00 to C$175.00 and set a "hold" rating for the company in a research note on Wednesday, October 23rd. Veritas raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 23rd. National Bankshares cut their price target on Canadian National Railway from C$181.00 to C$178.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 23rd. Evercore ISI upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 19th. Finally, Wells Fargo & Company upgraded shares of Canadian National Railway from an "equal weight" rating to an "overweight" rating in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of C$171.07.

Canadian National Railway Stock Up 0.8 %

The firm has a market capitalization of C$91.89 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The firm's 50-day moving average is C$151.65 and its 200 day moving average is C$156.78. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63.

Canadian National Railway Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were issued a dividend of $0.845 per share. This represents a $3.38 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Monday, December 9th. Canadian National Railway's dividend payout ratio (DPR) is presently 40.14%.

Insider Transactions at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder bought 608 shares of the stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of C$145.24 per share, with a total value of C$88,307.74. Also, Senior Officer Ghislain Houle sold 5,741 shares of the business's stock in a transaction on Friday, November 1st. The shares were sold at an average price of C$150.82, for a total value of C$865,844.99. Insiders purchased a total of 6,694 shares of company stock valued at $1,005,958 over the last three months. 2.64% of the stock is currently owned by insiders.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.