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    CNR   CA1363751027

CANADIAN NATIONAL RAILWAY COMPANY

(CNR)
  Report
Delayed Toronto Stock Exchange  -  04:00 2022-09-29 pm EDT
150.61 CAD   -1.14%
09/28Susquehanna Adjusts Price Target on Canadian National Railway to $109 From $129, Maintains Neutral Rating
MT
09/27RBC Capital on CN Rail
MT
09/23RBC Capital Markets Updates Price Targets For Canadian National Railway, Canadian Pacific Railway
MT
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CN to Invest $85 Million in Wisconsin Enabling Sustainable Growth, Improving Capacity and Advancing the Company's Commitment to Safety

06/29/2022 | 10:37am EDT

HOMEWOOD, Ill. - CN (TSX: CNR) (NYSE: CNI) announced plans to invest approximately $85 million in Wisconsin in 2022. This includes investments in technology, capacity, rolling stock units and company-wide decarbonization initiatives, as well as network improvements. These investments will power sustainable growth and ensure the continued safe movement of goods in Wisconsin and everywhere on CN's transcontinental network.

'We continue to make significant investments in our network, technology, and capacity. We are building the premier railroad of the 21st century to do even more for our customers, railroaders, shareholders, and the communities in which we operate.'

Sean Finn, Executive Vice-President, Corporate Services and Chief Legal Officer of CN

'The Railroad has been a foundational partner in our community for generations. CN has continued that tradition in projects to help improve green space, enhance infrastructure and benefiting the quality of life here in Stevens Point. Stevens Point has been a leader in conservation and reducing our carbon footprint on our world. We are proud to have such a strong relationship with CN and the way they can efficiently move products blends perfectly with our sustainable initiatives.'

Mike Wiza, Mayor of Stevens Point Maintenance program highlights include: Replacing approximately 10 miles of rail; Installing approximately 10,000 new railroad ties; Rebuilding 53 road crossing surfaces; and Maintenance work on bridges, culverts, signal systems, and other track infrastructure

Wisconsin in numbers:

Capital investments: Approximately US$700 million in the last five years

Employees: approximately 1,150

Railroad route miles operated: 1,428

Community partnerships: US$175,000 in 2021

Local spending: US$242 million in 2021

Cash taxes paid: US$18 million in 2021

Forward-looking Statements

Certain statements included in this news release constitute 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. By their nature, forward-looking statements involve risks, uncertainties and assumptions. The Company cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as 'believes,' 'expects,' 'anticipates,' 'assumes,' 'outlook,' 'plans,' 'targets,' or other similar words. Forward-looking statements reflect information as of the date on which they are made. CN assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event CN does update any forward-looking statement, no inference should be made that CN will make additional updates with respect to that statement, related matters, or any other forward-looking statement.

About CN

CN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. As the only railroad connecting Canada's Eastern and Western coasts with the U.S. South through a 18,600-mile rail network, CN and its affiliates have been contributing to community prosperity and sustainable trade since 1919. CN is committed to programs supporting social responsibility and environmental stewardship.

Contact:

Media

Mathieu Gaudreault

Senior Advisor

Media Relations

T: 514-249-4735

E: media@cn.ca

Investment Community

Paul Butcher

Vice-President

Investor Relations

T: (514) 399-0052

E: investor.relations@cn.ca

(C) 2022 Electronic News Publishing, source ENP Newswire

All news about CANADIAN NATIONAL RAILWAY COMPANY
09/28Susquehanna Adjusts Price Target on Canadian National Railway to $109 From $129, Mainta..
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Analyst Recommendations on CANADIAN NATIONAL RAILWAY COMPANY
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Financials
Sales 2022 16 749 M 12 215 M 12 215 M
Net income 2022 4 978 M 3 631 M 3 631 M
Net Debt 2022 14 349 M 10 465 M 10 465 M
P/E ratio 2022 21,0x
Yield 2022 1,91%
Capitalization 104 B 75 933 M 75 933 M
EV / Sales 2022 7,07x
EV / Sales 2023 6,75x
Nbr of Employees 22 783
Free-Float 98,4%
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Mean consensus OUTPERFORM
Number of Analysts 31
Last Close Price 152,35 CAD
Average target price 162,76 CAD
Spread / Average Target 6,84%
EPS Revisions
Managers and Directors
Ghislain Houle Chief Financial Officer & Executive Vice President
Shauneen E. Bruder Chairman
Dominique Malenfant EVP, Chief Information & Technology Officer
Nayan Bharadwa Assistant Vice President-Operational Technology
Rob Reilly Chief Operating Officer & Executive Vice President