Canadian National Railway (CNI) Expected to Announce Quarterly Earnings on Thursday

Canadian National Railway (NYSE:CNI) (TSE:CNR) is projected to announce its earnings results after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $1.43 per share and revenue of $4,439,467.63 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Canadian National Railway Trading Up 1.1 %

Shares of Canadian National Railway stock opened at $106.67 on Tuesday. Canadian National Railway has a twelve month low of $98.96 and a twelve month high of $134.02. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. The business has a 50-day moving average price of $104.79 and a 200-day moving average price of $111.36. The firm has a market cap of $67.08 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 2.36 and a beta of 0.91.

Analysts Set New Price Targets

Several research firms have weighed in on CNI. Barclays cut their price target on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Veritas upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company reduced their target price on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $174.00 price target on shares of Canadian National Railway in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average target price of $124.02.

About Canadian National Railway

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.