Canadian National Railway (NYSE:CNI) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Canadian National Railway (NYSE:CNI) (TSE:CNR) posted its quarterly earnings results on Tuesday. The transportation company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02, Briefing.com reports. The company had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. Canadian National Railway’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.26 EPS.

Canadian National Railway Price Performance

Canadian National Railway stock opened at $113.16 on Wednesday. The stock has a market cap of $71.56 billion, a P/E ratio of 18.05, a P/E/G ratio of 2.53 and a beta of 0.88. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.93. The company’s 50 day moving average price is $116.00 and its two-hundred day moving average price is $119.78. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $134.02.

Wall Street Analysts Forecast Growth

CNI has been the subject of a number of research reports. Barclays increased their target price on shares of Canadian National Railway from $120.00 to $121.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Benchmark restated a “hold” rating on shares of Canadian National Railway in a research report on Wednesday, July 24th. Susquehanna lowered their price target on shares of Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday. Wells Fargo & Company raised Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price objective on the stock in a report on Monday, October 7th. Finally, National Bank Financial upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $125.64.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.