Canadian National Railway (TSE:CNR) Releases Earnings Results

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

Canadian National Railway Price Performance

Shares of Canadian National Railway stock opened at C$172.81 on Friday. The stock has a market cap of C$104.39 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 3.38 and a beta of 1.16. 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 stock has a 50 day moving average price of C$170.69 and a 200-day moving average price of C$160.29. Canadian National Railway has a one year low of C$128.05 and a one year high of C$185.25.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. TD upped their price target on shares of Canadian National Railway from C$191.00 to C$205.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Desjardins lifted their price objective on shares of Canadian National Railway from C$185.00 to C$199.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Citizens Jmp raised shares of Canadian National Railway to a “hold” rating in a research note on Wednesday, July 15th. Scotiabank reduced their target price on shares of Canadian National Railway from C$199.00 to C$198.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 15th. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of Canadian National Railway from C$185.00 to C$198.00 in a research report on Monday, July 27th. Three equities 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.