Canadian National Railway (TSE:CNR) Announces Quarterly Earnings Results

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

Canadian National Railway Price Performance

CNR stock opened at C$130.99 on Friday. The stock’s 50 day moving average is C$135.52 and its two-hundred day moving average is C$133.28. Canadian National Railway has a 52-week low of C$126.11 and a 52-week high of C$154.13. The company has a market capitalization of C$80.62 billion, a PE ratio of 17.80, a P/E/G ratio of 3.38 and a beta of 0.80. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59.

Analyst Ratings Changes

Several brokerages recently issued reports on CNR. Scotiabank increased their price target on Canadian National Railway from C$160.00 to C$163.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. CIBC upped their target price on Canadian National Railway from C$151.00 to C$154.00 in a research report on Thursday, January 8th. Citigroup increased their target price on Canadian National Railway from C$119.00 to C$120.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. ATB Capital boosted their price target on Canadian National Railway from C$150.00 to C$151.00 and gave the stock a “sector perform” rating in a research report on Monday, November 3rd. Finally, JPMorgan Chase & Co. decreased 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 report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$153.53.

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.