Canadian National Railway (NYSE:CNI) Posts Quarterly Earnings Results, Misses Expectations By $0.09 EPS

Canadian National Railway (NYSE:CNI) (TSE:CNR) released its quarterly earnings results on Thursday. The transportation company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09), Zacks reports. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%.

Canadian National Railway Stock Performance

Shares of CNI traded down $0.51 during mid-day trading on Thursday, hitting $105.02. 1,554,522 shares of the company’s stock were exchanged, compared to its average volume of 1,278,497. Canadian National Railway has a fifty-two week low of $98.96 and a fifty-two week high of $134.02. The business’s 50 day moving average is $104.70 and its two-hundred day moving average is $111.12. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $66.04 billion, a P/E ratio of 16.83, a P/E/G ratio of 2.36 and a beta of 0.91.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CNI shares. Wells Fargo & Company dropped their price objective on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Royal Bank of Canada restated an “outperform” rating and issued a $174.00 price target on shares of Canadian National Railway in a report on Friday, January 10th. Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Friday, January 10th. Citigroup raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and raised their target price for the stock from $126.00 to $130.00 in a research report on Tuesday, November 12th. Finally, Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.02.

Canadian National Railway Company Profile

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.