Canadian National Railway (NYSE:CNI) posted its quarterly earnings results on Monday. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.04, StockRatingsNetwork.com reports. The company had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the company posted $1.50 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at BMO Capital Markets upgraded shares of Canadian National Railway from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, July 12th. They now have a $115.00 price target on the stock, up previously from $108.00. On a related note, analysts at CIBC downgraded shares of Canadian National Railway from a “sector outperform” rating to a “sector perform” rating in a research note to investors on Tuesday, July 9th. Finally, analysts at Canaccord Genuity raised their price target on shares of Canadian National Railway from $102.00 to $103.00 in a research note to investors on Monday, July 8th. They now have a “sell” rating on the stock.
Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $101.14.
Canadian National Railway (NYSE: CNI) opened at 101.53 on Tuesday. Canadian National Railway has a 52-week low of $83.83 and a 52-week high of $104.43. The stock’s 50-day moving average is currently $98.. The company has a market cap of $43.059 billion and a price-to-earnings ratio of 17.57.
Canadian National Railway Company (NYSE: CNI) is engaged in the rail and related transportation business.
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