Canadian National Railway (NYSE:CNI) (TSE:CNR) released its quarterly earnings results on Monday. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.01, MarketWatch Earnings reports. Canadian National Railway had a net margin of 24.90% and a return on equity of 19.55%. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the company earned $1.25 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis.
NYSE CNI traded down $5.87 on Wednesday, reaching $101.32. 1,426,779 shares of the company’s stock traded hands, compared to its average volume of 766,818. The stock has a 50 day moving average price of $110.67 and a 200-day moving average price of $105.93. The firm has a market cap of $72.10 billion, a price-to-earnings ratio of 28.30, a P/E/G ratio of 3.36 and a beta of 0.83. Canadian National Railway has a fifty-two week low of $65.13 and a fifty-two week high of $116.16. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.85 and a current ratio of 1.05.
Several equities analysts have issued reports on CNI shares. Scotiabank cut their price target on shares of Canadian National Railway from $144.00 to $140.00 and set a “sector perform” rating on the stock in a report on Wednesday. Barclays raised shares of Canadian National Railway from an “underweight” rating to an “equal weight” rating in a report on Wednesday, January 13th. Credit Suisse Group dropped their price objective on shares of Canadian National Railway from $124.00 to $117.00 and set an “outperform” rating on the stock in a report on Wednesday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price objective on shares of Canadian National Railway from $110.00 to $127.00 in a report on Monday, January 11th. Finally, Cowen lowered shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $116.00 to $107.00 in a report on Wednesday. Sixteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $115.55.
Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods comprises petroleum and chemicals, fertilizers, coal, metals and minerals, forest products, grain, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.
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