Canadian National Railway (TSE:CNR) Issues Earnings Results

Canadian National Railway (TSE:CNR) (NYSE:CNI) issued its quarterly earnings data on Friday. The company reported C$2.08 EPS for the quarter, FiscalAI reports. The firm had revenue of C$4.46 billion during the quarter. Canadian National Railway had a return on equity of 27.10% and a net margin of 31.20%.

Canadian National Railway Price Performance

CNR stock traded down C$3.38 on Friday, hitting C$132.79. 778,659 shares of the company’s stock traded hands, compared to its average volume of 1,181,973. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 107.59. The stock has a market cap of C$81.73 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 3.38 and a beta of 0.80. Canadian National Railway has a 1-year low of C$126.11 and a 1-year high of C$154.13. The stock has a fifty day moving average of C$135.52 and a 200-day moving average of C$133.36.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CNR shares. Scotiabank increased their price objective on shares of Canadian National Railway from C$160.00 to C$163.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. National Bankshares set a C$150.00 price target on shares of Canadian National Railway and gave the company a “sector perform” rating in a research note on Thursday, January 8th. Royal Bank Of Canada decreased their price objective on Canadian National Railway from C$158.00 to C$153.00 and set an “outperform” rating for the company in a report on Thursday, December 18th. JPMorgan Chase & Co. reduced their price target on Canadian National Railway from C$154.00 to C$153.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Finally, Vertical Research raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 5th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$153.53.

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.