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

Canadian National Railway (TSE:CNR) (NYSE:CNI) released its quarterly earnings results on Friday. The company reported C$2.08 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$4.75 billion for the quarter. Canadian National Railway had a net margin of 27.23% and a return on equity of 21.93%.

Canadian National Railway Price Performance

Shares of TSE:CNR opened at C$182.91 on Friday. Canadian National Railway has a twelve month low of C$126.11 and a twelve month high of C$185.25. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 104.96. The company has a market cap of C$110.95 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 3.38 and a beta of 1.18. The company’s 50 day moving average is C$168.47 and its 200 day moving average is C$153.09.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CNR shares. Citizens Jmp upgraded Canadian National Railway to a “hold” rating in a research note on Wednesday, July 15th. Desjardins raised their price target on Canadian National Railway from C$163.00 to C$185.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Sanford C. Bernstein upped their price objective on shares of Canadian National Railway from C$163.00 to C$196.00 in a report on Thursday, July 16th. Susquehanna cut shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Scotia boosted their target price on shares of Canadian National Railway from C$160.00 to C$162.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$172.93.

Insider Activity at Canadian National Railway

In other Canadian National Railway news, Director Justin M. Howell acquired 350 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average price of C$152.74 per share, for a total transaction of C$53,459.00. Following the completion of the purchase, the director directly owned 350 shares of the company’s stock, valued at C$53,459. The trade was a ∞ increase in their ownership of the stock. 2.64% of the stock is owned by company insiders.

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.