Canadian National Railway (CNI) Projected to Post Earnings on Thursday

Canadian National Railway (NYSE:CNI) (TSE:CNR) is projected to post its quarterly earnings results after the market closes on Thursday, January 30th. Analysts expect Canadian National Railway to post earnings of $1.39 per share and revenue of $4.38 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Canadian National Railway Price Performance

CNI stock opened at $105.19 on Wednesday. The firm has a 50 day moving average of $104.76 and a 200-day moving average of $111.27. The firm has a market capitalization of $66.15 billion, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 2.36 and a beta of 0.91. Canadian National Railway has a 12 month low of $98.96 and a 12 month high of $134.02. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group lowered their target price on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company cut their price target on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.