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$2.08 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$4.75 billion for the quarter. Canadian National Railway had a return on equity of 21.93% and a net margin of 27.23%.

Canadian National Railway Stock Down 0.5%

Canadian National Railway stock traded down C$0.94 during trading hours on Friday, hitting C$182.98. 456,228 shares of the stock traded hands, compared to its average volume of 1,684,961. Canadian National Railway has a one year low of C$126.11 and a one year high of C$185.25. The firm’s 50-day moving average price is C$167.89 and its two-hundred day moving average price is C$152.88. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 104.96. The company has a market cap of C$111.00 billion, a PE ratio of 24.11, a PEG ratio of 3.38 and a beta of 1.18.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CNR. National Bank Financial lifted their price objective on Canadian National Railway from C$164.00 to C$173.00 and gave the stock a “sector perform” rating in a research report on Friday, June 26th. Stephens upgraded Canadian National Railway to a “hold” rating in a report on Wednesday, July 8th. Raymond James Financial raised their price target on Canadian National Railway from C$170.00 to C$198.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. Desjardins lifted their price target on shares of Canadian National Railway from C$163.00 to C$185.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Finally, Royal Bank Of Canada boosted their price objective on shares of Canadian National Railway from C$178.00 to C$195.00 and gave the company an “outperform” rating in a research report on Wednesday, June 24th. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$172.93.

Insider Activity

In other news, Director Justin M. Howell bought 350 shares of the stock in a transaction dated Friday, May 15th. The stock was bought at an average price of C$152.74 per share, for a total transaction of C$53,459.00. Following the purchase, the director directly owned 350 shares in the company, valued at C$53,459. This trade represents a ? increase in their position. Corporate insiders own 2.64% of the company’s stock.

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.