Canadian National Railway Company (TSE:CNR) (NYSE:CNI) – Research analysts at Desjardins cut their Q3 2017 earnings estimates for shares of Canadian National Railway in a note issued to investors on Monday. Desjardins analyst B. Poirier now forecasts that the company will post earnings of $1.31 per share for the quarter, down from their prior estimate of $1.37. Desjardins also issued estimates for Canadian National Railway’s FY2017 earnings at $5.03 EPS and FY2019 earnings at $6.14 EPS.
A number of other brokerages also recently issued reports on CNR. Scotiabank reaffirmed an “outperform” rating and set a C$115.00 price target on shares of Canadian National Railway in a report on Monday, September 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$110.00 price target on shares of Canadian National Railway in a report on Friday, September 8th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$111.00 price target on shares of Canadian National Railway in a report on Wednesday, July 26th. National Bank Financial dropped their price target on shares of Canadian National Railway from C$108.00 to C$105.00 in a report on Wednesday, September 13th. Finally, CIBC dropped their price target on shares of Canadian National Railway from C$111.00 to C$110.00 in a report on Tuesday, September 26th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Canadian National Railway has an average rating of “Buy” and an average price target of C$104.36.
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Shares of Canadian National Railway (TSE:CNR) opened at 101.05 on Tuesday. The firm has a 50-day moving average of $100.78 and a 200 day moving average of $101.98. Canadian National Railway has a 12 month low of $82.85 and a 12 month high of $108.64. The company has a market cap of $75.89 billion and a price-to-earnings ratio of 19.88.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Tuesday, July 25th. The company reported C$1.34 EPS for the quarter, topping the consensus estimate of C$1.31 by C$0.03. The business had revenue of C$3.33 billion for the quarter, compared to analyst estimates of C$3.22 billion. Canadian National Railway had a net margin of 30.97% and a return on equity of 27.63%.
In other Canadian National Railway news, insider Michael A. Cory sold 250 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of C$100.44, for a total transaction of C$25,110.00. Also, Director Robert Pace bought 4,900 shares of the firm’s stock in a transaction on Wednesday, July 26th. The shares were purchased at an average price of C$99.20 per share, for a total transaction of C$486,080.00. Insiders sold a total of 69,807 shares of company stock worth $6,388,760 in the last quarter.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were paid a $0.4125 dividend. This represents a $1.65 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Thursday, September 7th.
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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