Canadian National Railway (TSE:CNR) (NYSE:CNI) – Cormark decreased their FY2017 EPS estimates for shares of Canadian National Railway in a report issued on Thursday, Zacks Investment Research reports. Cormark analyst D. Tyerman now anticipates that the company will earn $4.99 per share for the year, down from their previous forecast of $5.06. Cormark also issued estimates for Canadian National Railway’s Q4 2017 earnings at $1.20 EPS, Q1 2018 earnings at $1.13 EPS, Q2 2018 earnings at $1.43 EPS, Q4 2018 earnings at $1.43 EPS, FY2018 earnings at $5.47 EPS, FY2019 earnings at $6.14 EPS, FY2020 earnings at $6.82 EPS, FY2021 earnings at $7.57 EPS and FY2022 earnings at $8.39 EPS.
Other equities research analysts also recently issued reports about the company. National Bank Financial increased their price objective on Canadian National Railway from C$105.00 to C$108.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 25th. BMO Capital Markets reissued an “outperform” rating and issued a C$111.00 price objective on shares of Canadian National Railway in a research note on Wednesday, October 25th. JPMorgan Chase & Co. reduced their price objective on Canadian National Railway from C$105.00 to C$104.00 in a research note on Wednesday, October 25th. CIBC reduced their price objective on Canadian National Railway from C$111.00 to C$110.00 in a research note on Tuesday, September 26th. Finally, Desjardins raised Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Canadian National Railway currently has a consensus rating of “Buy” and an average price target of C$109.70.
Shares of Canadian National Railway (TSE CNR) opened at C$101.00 on Friday. The stock has a market capitalization of $75,300.00, a PE ratio of 19.77 and a beta of 0.72. Canadian National Railway has a one year low of C$89.29 and a one year high of C$108.64.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Tuesday, October 24th. The company reported C$1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.33 by C($0.02). Canadian National Railway had a return on equity of 25.50% and a net margin of 29.74%.
In other news, insider Jean-Jacques Ruest sold 14,736 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of C$103.87, for a total transaction of C$1,530,628.32.
The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 8th were paid a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Thursday, December 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 31.56%.
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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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