Canadian National Railway (CNI) Releases Quarterly Earnings Results
Canadian National Railway (NYSE:CNI) released its earnings data on Friday. The company reported $0.70 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.79 by $0.09, AnalystRatings.NET reports.
CNI has been the subject of a number of recent research reports. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Canadian National Railway in a research note to investors on Thursday, January 9th. On a related note, analysts at CIBC reiterated a “sector perform” rating on shares of Canadian National Railway in a research note to investors on Thursday, January 9th. Finally, analysts at Salman Partners downgraded shares of Canadian National Railway to a “hold” rating in a research note to investors on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $103.73.
Shares of Canadian National Railway (NYSE:CNI) opened at 53.08 on Friday. Canadian National Railway has a 1-year low of $46.475 and a 1-year high of $58.40. The stock’s 50-day moving average is $54.76 and its 200-day moving average is $52.61. The company has a market cap of $44.375 billion and a price-to-earnings ratio of 16.80.
Canadian National Railway Company (NYSE:CNI) is engaged in the rail and related transportation business.
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