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

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

Canadian National Railway Trading Down 0.5%

TSE CNR opened at C$172.81 on Friday. Canadian National Railway has a one year low of C$128.05 and a one year high of C$185.25. The company has a debt-to-equity ratio of 103.26, a current ratio of 0.87 and a quick ratio of 0.57. The firm has a market cap of C$104.39 billion, a P/E ratio of 22.18, a P/E/G ratio of 3.38 and a beta of 1.16. The stock’s 50-day moving average is C$170.69 and its 200-day moving average is C$160.29.

Analysts Set New Price Targets

CNR has been the subject of a number of recent analyst reports. Stifel Nicolaus set a C$200.00 price target on Canadian National Railway and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on shares of Canadian National Railway from C$175.00 to C$182.00 in a research note on Monday, July 27th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Canadian National Railway from C$185.00 to C$198.00 in a report on Monday, July 27th. ATB Cormack upped their target price on shares of Canadian National Railway from C$185.00 to C$190.00 and gave the company a “sector perform” rating in a research note on Thursday, October 15th. Finally, Barclays upped their target price on shares of Canadian National Railway from C$155.00 to C$185.00 and gave the company an “equal weight” rating in a research note on Monday, July 27th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$184.00.

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.