Canadian National Railway Company (TSE:CNR) – National Bank Financial reduced their Q3 2017 earnings estimates for shares of Canadian National Railway Company in a research report issued to clients and investors on Monday. National Bank Financial analyst C. Doerksen now expects that the brokerage will post earnings of $1.34 per share for the quarter, down from their previous forecast of $1.36. National Bank Financial also issued estimates for Canadian National Railway Company’s FY2017 earnings at $4.86 EPS.
Several other brokerages have also issued reports on CNR. TD Securities lifted their price target on Canadian National Railway Company from C$86.00 to C$87.00 and gave the stock a “hold” rating in a research note on Tuesday. Raymond James Financial Inc. raised Canadian National Railway Company from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$82.00 to C$92.00 in a research note on Tuesday. BMO Capital Markets reaffirmed an “outperform” rating and set a C$90.00 price target on shares of Canadian National Railway Company in a research note on Tuesday. CIBC lifted their price target on Canadian National Railway Company from C$84.00 to C$86.00 in a research note on Tuesday. Finally, Desjardins reaffirmed a “hold” rating and set a C$86.00 price target on shares of Canadian National Railway Company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of C$85.41.
Canadian National Railway Company (TSE:CNR) traded up 0.43% during midday trading on Wednesday, reaching $83.90. The company had a trading volume of 1,517,441 shares. The stock has a market capitalization of $65.32 billion and a price-to-earnings ratio of 18.50. The company has a 50-day moving average price of $77.83 and a 200-day moving average price of $77.69. Canadian National Railway Company has a one year low of $66.62 and a one year high of $85.43.
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. The Company’s freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.
