Canadian National Railway (CNI) Posts Quarterly Earnings, Beats Expectations By $0.09 EPS
Canadian National Railway (NYSE:CNI) released its earnings data on Tuesday. The company reported $1.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.63 by $0.09, AR Network reports. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the company posted $1.52 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis.
A number of research firms have recently commented on CNI. Analysts at Raymond James downgraded shares of Canadian National Railway from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, October 16th. On the ratings front, analysts at Canaccord Genuity raised their price target on shares of Canadian National Railway from $104.00 to $105.00 in a research note to investors on Friday, October 11th. They now have a “hold” rating on the stock. Finally, analysts at CIBC cut their price target on shares of Canadian National Railway from $113.00 to $110.00 in a research note to investors on Monday, October 7th. They now have a “sector perform” rating on the stock. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $106.14.
Shares of Canadian National Railway (NYSE:CNI) traded up 0.15% during mid-day trading on Tuesday, hitting $106.72. The stock had a trading volume of 444,814 shares. Canadian National Railway has a one year low of $83.83 and a one year high of $104.43. The stock has a 50-day moving average of $97.49 and a 200-day moving average of $98.63. The company has a market cap of $44.897 billion and a P/E ratio of 17.67.
Canadian National Railway Company (NYSE:CNI) is engaged in the rail and related transportation business.
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