Wall Street analysts expect Canadian National Railway (NYSE:CNI) (TSE:CNR) to announce $2.31 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Canadian National Railway’s earnings, with the highest sales estimate coming in at $2.43 billion and the lowest estimate coming in at $2.22 billion. Canadian National Railway posted sales of $2.21 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 4.5%. The company is scheduled to report its next earnings results after the market closes on Tuesday, July 25th.
According to Zacks, analysts expect that Canadian National Railway will report full-year sales of $2.31 billion for the current financial year, with estimates ranging from $9.42 billion to $9.69 billion. For the next fiscal year, analysts forecast that the business will report sales of $10.01 billion per share, with estimates ranging from $9.81 billion to $10.24 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Canadian National Railway.
Several brokerages have recently issued reports on CNI. Loop Capital reiterated a “hold” rating on shares of Canadian National Railway in a research report on Saturday, March 25th. Credit Suisse Group AG restated a “neutral” rating and issued a $72.00 target price (up from $70.00) on shares of Canadian National Railway in a research report on Monday, March 6th. Zacks Investment Research upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Friday, January 27th. Citigroup Inc upped their target price on Canadian National Railway from $66.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 25th. Finally, Barclays PLC cut their target price on Canadian National Railway from $71.00 to $69.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 25th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $78.94.
A number of institutional investors have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. increased its position in Canadian National Railway by 598.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,404 shares of the transportation company’s stock valued at $104,000 after buying an additional 1,203 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new stake in Canadian National Railway during the first quarter worth about $123,000. SRS Capital Advisors Inc. purchased a new stake in Canadian National Railway during the fourth quarter worth about $137,000. Sowell Financial Services LLC purchased a new stake in Canadian National Railway during the fourth quarter worth about $142,000. Finally, Salem Investment Counselors Inc. purchased a new stake in Canadian National Railway during the third quarter worth about $166,000. 55.16% of the stock is currently owned by hedge funds and other institutional investors.
Canadian National Railway (NYSE:CNI) traded down 0.19% during mid-day trading on Friday, reaching $74.29. The company’s stock had a trading volume of 507,615 shares. Canadian National Railway has a 52 week low of $55.73 and a 52 week high of $76.10. The stock has a market capitalization of $56.17 billion, a price-to-earnings ratio of 20.93 and a beta of 1.07. The firm has a 50-day moving average of $73.35 and a 200-day moving average of $69.51.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 9th will be paid a $0.3059 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Wednesday, June 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 31.73%.
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Canadian National Railway Company Profile
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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