Canadian National Railway (TSE:CNR) Issues Earnings Results

Canadian National Railway (TSE:CNR) (NYSE:CNI) released its quarterly earnings data on Wednesday. The company reported C$1.80 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$4.38 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 Price Performance

CNR opened at C$152.57 on Friday. The stock’s 50-day moving average price is C$147.55 and its 200 day moving average price is C$139.88. Canadian National Railway has a 12-month low of C$126.11 and a 12-month high of C$158.25. The company has a current ratio of 0.67, a quick ratio of 0.58 and a debt-to-equity ratio of 104.96. The firm has a market cap of C$93.28 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 3.38 and a beta of 1.08.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CNR shares. Vertical Research raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 5th. Royal Bank Of Canada boosted their price objective on Canadian National Railway from C$160.00 to C$178.00 and gave the stock an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. upped their price target on Canadian National Railway from C$147.00 to C$153.00 in a research note on Tuesday, April 7th. TD upped their price target on Canadian National Railway from C$164.00 to C$171.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Finally, ATB Cormark Capital Markets upped their price target on Canadian National Railway from C$146.00 to C$150.00 and gave the company a “sector perform” rating in a research note on Friday, April 17th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$158.94.

Insider Activity

In other news, Director Shauneen Elizabeth Bruder bought 620 shares of the firm’s stock in a transaction that occurred on Thursday, March 26th. The shares were purchased at an average price of C$141.07 per share, with a total value of C$87,463.40. Following the purchase, the director owned 19,071 shares in the company, valued at approximately C$2,690,345.97. The trade was a 3.36% increase in their ownership of the stock. Also, Director Albert Monaco bought 7,400 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were purchased at an average cost of C$135.68 per share, for a total transaction of C$1,004,032.00. Following the purchase, the director owned 7,400 shares in the company, valued at C$1,004,032. This represents a ? increase in their position. 2.64% of the stock is currently owned by corporate insiders.

Canadian National Railway Company Profile

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.