Canadian National Railway Company (NYSE:CNI) (TSE:CNR) – Investment analysts at Desjardins dropped their Q3 2017 earnings per share (EPS) estimates for shares of Canadian National Railway in a report issued on Monday. Desjardins analyst B. Poirier now expects that the transportation company will post earnings of $1.05 per share for the quarter, down from their prior forecast of $1.10.
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Other equities analysts also recently issued reports about the stock. BidaskClub upgraded shares of Canadian National Railway from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research note on Tuesday, July 11th. Cowen and Company restated a “buy” rating and issued a $83.00 target price on shares of Canadian National Railway in a research note on Sunday, September 24th. Stifel Nicolaus restated a “hold” rating and issued a $89.00 target price on shares of Canadian National Railway in a research note on Friday, October 6th. Finally, Credit Suisse Group restated a “neutral” rating on shares of Canadian National Railway in a research note on Friday, July 28th. Fourteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $82.47.
Shares of Canadian National Railway (NYSE:CNI) opened at 80.08 on Wednesday. The firm has a 50-day moving average of $81.33 and a 200 day moving average of $78.78. The stock has a market capitalization of $60.14 billion, a price-to-earnings ratio of 19.14 and a beta of 1.13. Canadian National Railway has a one year low of $61.72 and a one year high of $84.48.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were given a $0.3276 dividend. This represents a $1.31 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Thursday, September 7th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.31. Canadian National Railway’s dividend payout ratio is presently 34.38%.
Several institutional investors and hedge funds have recently made changes to their positions in CNI. Eqis Capital Management Inc. lifted its position in Canadian National Railway by 129.1% during the third quarter. Eqis Capital Management Inc. now owns 6,477 shares of the transportation company’s stock valued at $537,000 after acquiring an additional 3,650 shares during the last quarter. Curbstone Financial Management Corp lifted its position in Canadian National Railway by 100.0% during the third quarter. Curbstone Financial Management Corp now owns 6,400 shares of the transportation company’s stock valued at $530,000 after acquiring an additional 3,200 shares during the last quarter. Perigon Wealth Management LLC lifted its position in Canadian National Railway by 182.7% during the second quarter. Perigon Wealth Management LLC now owns 2,725 shares of the transportation company’s stock valued at $221,000 after acquiring an additional 1,761 shares during the last quarter. Hall Laurie J Trustee lifted its position in Canadian National Railway by 4.1% during the second quarter. Hall Laurie J Trustee now owns 1,275 shares of the transportation company’s stock valued at $103,000 after acquiring an additional 50 shares during the last quarter. Finally, Colony Group LLC purchased a new stake in Canadian National Railway during the second quarter valued at approximately $2,173,000. 54.44% of the stock is owned by hedge funds and other institutional investors.
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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