Canadian National Railway (TSE:CNR) Releases Earnings Results

Canadian National Railway (TSE:CNR) (NYSE:CNI) issued its quarterly earnings results on Friday. The company reported C$2.08 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$4.75 billion for the quarter.

Canadian National Railway Stock Down 0.5%

Shares of TSE:CNR opened at C$182.91 on Friday. The business’s 50 day moving average is C$168.47 and its 200 day moving average is C$153.09. The stock has a market cap of C$110.95 billion, a P/E ratio of 24.10, a price-to-earnings-growth ratio of 3.38 and a beta of 1.18. Canadian National Railway has a 52-week low of C$126.11 and a 52-week high of C$185.25. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 103.26.

Analyst Ratings Changes

Several brokerages have commented on CNR. National Bank Financial upped their price objective on Canadian National Railway from C$164.00 to C$173.00 and gave the company a “sector perform” rating in a research report on Friday, June 26th. Raymond James Financial lifted their target price on Canadian National Railway from C$170.00 to C$198.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Royal Bank Of Canada boosted their target price on shares of Canadian National Railway from C$178.00 to C$195.00 and gave the company an “outperform” rating in a research note on Wednesday, June 24th. JPMorgan Chase & Co. upped their price target on shares of Canadian National Railway from C$156.00 to C$175.00 in a report on Friday, July 10th. Finally, TD raised their price target on shares of Canadian National Railway from C$171.00 to C$191.00 in a research note on Friday, July 10th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$172.93.

Insiders Place Their Bets

In other news, Director Justin M. Howell bought 350 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of C$152.74 per share, with a total value of C$53,459.00. Following the transaction, the director directly owned 350 shares in the company, valued at approximately C$53,459. This trade represents a ∞ increase in their position. 2.64% of the stock is currently 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.