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

Canadian National Railway (NYSE:CNI) (TSE:CNR) posted its quarterly earnings data on Tuesday. The transportation company reported $1.72 earnings per share for the quarter, topping the consensus estimate 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 net margin of 32.00% and a return on equity of 23.58%. Canadian National Railway’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.26 earnings per share.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock traded up $2.53 during trading hours on Wednesday, hitting $114.77. 386,446 shares of the company’s stock traded hands, compared to its average volume of 1,100,049. The stock has a market capitalization of $72.58 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 2.53 and a beta of 0.88. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48. The company has a fifty day simple moving average of $116.00 and a 200-day simple moving average of $119.78.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Barclays increased their price target on Canadian National Railway from $120.00 to $121.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Stephens dropped their price target on Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Evercore ISI lowered their price objective on shares of Canadian National Railway from $128.00 to $119.00 and set an “in-line” rating for the company in a research note on Wednesday, September 25th. Stifel Nicolaus cut their target price on shares of Canadian National Railway from $133.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, October 11th. Finally, Royal Bank of Canada raised shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.