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

Canadian National Railway (TSE:CNR) (NYSE:CNI) posted its quarterly earnings results on Friday. The company reported C$2.16 EPS for the quarter, FiscalAI reports. The business had revenue of C$4.77 billion during the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock traded down C$0.74 on Friday, reaching C$172.94. The stock had a trading volume of 1,121,433 shares, compared to its average volume of 1,570,249. The company has a debt-to-equity ratio of 103.26, a quick ratio of 0.57 and a current ratio of 0.87. The business’s 50-day moving average price is C$170.77 and its two-hundred day moving average price is C$160.12. The stock has a market cap of C$104.47 billion, a P/E ratio of 22.20, a price-to-earnings-growth ratio of 3.38 and a beta of 1.16. Canadian National Railway has a fifty-two week low of C$128.05 and a fifty-two week high of C$185.25.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CNR shares. Desjardins boosted their price objective on Canadian National Railway from C$185.00 to C$199.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Royal Bank Of Canada reduced their price target on shares of Canadian National Railway from C$205.00 to C$198.00 and set an “outperform” rating for the company in a research note on Thursday, September 24th. ATB Cormark Capital Markets raised their price objective on shares of Canadian National Railway from C$166.00 to C$185.00 and gave the company a “sector perform” rating in a research note on Monday, July 27th. National Bank Financial dropped their target price on Canadian National Railway from C$192.00 to C$190.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 23rd. Finally, Scotiabank lowered their price target on Canadian National Railway from C$199.00 to C$198.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 15th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Canadian National Railway has a consensus rating of “Moderate Buy” and a consensus price target of C$184.00.

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.