National Bank Financial Weighs in on Canadian National Railway’s Q1 2017 Earnings (CNI)

Canadian National Railway (NYSE:CNI) (TSE:CNR) – Research analysts at National Bank Financial lifted their Q1 2017 earnings per share (EPS) estimates for Canadian National Railway in a report released on Tuesday, Zacks Investment Research reports. National Bank Financial analyst C. Doerksen now forecasts that the transportation company will earn $0.86 per share for the quarter, up from their previous estimate of $0.79. National Bank Financial also issued estimates for Canadian National Railway’s Q4 2018 earnings at $1.10 EPS.

Other equities research analysts have also recently issued research reports about the stock. Loop Capital reaffirmed a “hold” rating on shares of Canadian National Railway in a report on Saturday, March 25th. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a $72.00 price target (up previously from $70.00) on shares of Canadian National Railway in a report on Monday, March 6th. Zacks Investment Research raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Friday, January 27th. Citigroup Inc lifted their price target on shares of Canadian National Railway from $66.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, January 25th. Finally, Scotiabank raised shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Friday, March 3rd. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have given a buy rating to the company’s stock. Canadian National Railway currently has a consensus rating of “Hold” and a consensus target price of $77.00.

Earnings History and Estimates for Canadian National Railway (NYSE:CNI)

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Canadian National Railway (NYSE:CNI) traded up 0.26% during mid-day trading on Friday, reaching $74.67. The company had a trading volume of 559,141 shares. The company has a market capitalization of $56.77 billion, a P/E ratio of 21.46 and a beta of 1.07. The stock has a 50 day moving average price of $72.86 and a 200 day moving average price of $68.94. Canadian National Railway has a one year low of $55.73 and a one year high of $75.06.

Canadian National Railway (NYSE:CNI) last released its earnings results on Tuesday, January 24th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.32. Canadian National Railway had a return on equity of 24.02% and a net margin of 30.29%. The business had revenue of $3.22 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the company posted $1.18 earnings per share. Canadian National Railway’s revenue was up 1.6% on a year-over-year basis.

Several institutional investors have recently modified their holdings of CNI. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Canadian National Railway by 1.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 20,683,520 shares of the transportation company’s stock valued at $1,349,681,000 after buying an additional 370,800 shares during the period. Bank of Montreal Can increased its position in shares of Canadian National Railway by 0.3% in the third quarter. Bank of Montreal Can now owns 19,748,204 shares of the transportation company’s stock valued at $1,291,533,000 after buying an additional 58,730 shares during the period. FMR LLC increased its position in shares of Canadian National Railway by 9.9% in the fourth quarter. FMR LLC now owns 15,534,610 shares of the transportation company’s stock valued at $1,045,474,000 after buying an additional 1,393,558 shares during the period. Franklin Resources Inc. increased its position in shares of Canadian National Railway by 1.6% in the fourth quarter. Franklin Resources Inc. now owns 7,512,788 shares of the transportation company’s stock valued at $505,722,000 after buying an additional 115,388 shares during the period. Finally, Beutel Goodman & Co Ltd. increased its position in shares of Canadian National Railway by 4.2% in the first quarter. Beutel Goodman & Co Ltd. now owns 6,166,745 shares of the transportation company’s stock valued at $454,413,000 after buying an additional 247,575 shares during the period. 55.16% of the stock is owned by hedge funds and other institutional investors.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 10th were paid a dividend of $0.3097 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.66%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, March 8th. Canadian National Railway’s dividend payout ratio is 31.73%.

About Canadian National Railway

Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

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