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    CNR   CA1363751027

CANADIAN NATIONAL RAILWAY COMPANY

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Canadian National Asks Regulators to Require Sale of KCS Line

01/13/2022 | 07:39am EDT

By Will Feuer

Canadian National Railway Co. said it would ask the U.S. Surface Transportation Board to require the sale of Kansas City Southern's Springfield Line to Canadian National as part of Kansas City Southern's merger with Canadian Pacific Railway Ltd.

The line, which runs from Kansas City, Mo., to Springfield and East St. Louis, Ill., is a direct competitive alternative to Canadian Pacific's current route from Kansas City to Chicago, and beyond to Detroit and eastern Canada, Canadian National said Thursday.

Forcing a sale of the line to Canadian National would improve transportation options and increase competition, Canadian National said. The company said it would invest at least $250 million into the line if it is able to acquire it.

Write to Will Feuer at Will.Feuer@wsj.com

(END) Dow Jones Newswires

01-13-22 0739ET

Stocks mentioned in the article
ChangeLast1st jan.
CANADIAN NATIONAL RAILWAY COMPANY 0.93% 145.11 Delayed Quote.-6.61%
CANADIAN PACIFIC RAILWAY LIMITED 1.35% 90.63 Delayed Quote.-0.38%
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Analyst Recommendations on CANADIAN NATIONAL RAILWAY COMPANY
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Financials
Sales 2022 15 980 M 12 538 M 12 538 M
Net income 2022 4 736 M 3 716 M 3 716 M
Net Debt 2022 14 257 M 11 185 M 11 185 M
P/E ratio 2022 21,0x
Yield 2022 1,98%
Capitalization 100 B 78 693 M 78 693 M
EV / Sales 2022 7,17x
EV / Sales 2023 6,74x
Nbr of Employees 22 953
Free-Float 99,5%
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Canadian National Railway Company Technical Analysis Chart | CNR | CA1363751027 | MarketScreener
Technical analysis trends CANADIAN NATIONAL RAILWAY COMPANY
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TrendsBearishBearishNeutral
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 31
Last Close Price 145,11 CAD
Average target price 166,06 CAD
Spread / Average Target 14,4%
EPS Revisions
Managers and Directors
Tracy A. Robinson President, Chief Executive Officer & Director
Ghislain Houle Chief Financial Officer & Executive Vice President
Robert L. Pace Chairman
Dominique Malenfant EVP, Chief Information & Technology Officer
Nayan Bharadwa Assistant Vice President-Operational Technology