Canadian National Railway Company (TSE:CNR) (NYSE:CNI) – Research analysts at Cormark upped their Q2 2017 earnings per share (EPS) estimates for shares of Canadian National Railway Company in a report issued on Tuesday, according to Zacks Investment Research. Cormark analyst D. Tyerman now expects that the company will post earnings of $1.27 per share for the quarter, up from their previous estimate of $1.22. Cormark also issued estimates for Canadian National Railway Company’s FY2018 earnings at $5.41 EPS.
Several other equities research analysts also recently weighed in on the stock. Macquarie reduced their price objective on shares of Canadian National Railway Company from C$100.00 to C$98.00 in a report on Thursday, April 13th. National Bank Financial upped their price objective on shares of Canadian National Railway Company from C$92.00 to C$94.00 in a report on Wednesday, March 22nd. BMO Capital Markets boosted their price target on shares of Canadian National Railway Company from C$100.00 to C$105.00 in a research report on Wednesday, March 15th. Raymond James Financial, Inc. boosted their price target on shares of Canadian National Railway Company from C$104.00 to C$110.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 15th. Finally, Scotiabank dropped their price target on shares of Canadian National Railway Company from C$105.00 to C$97.00 and set an “outperform” rating on the stock in a research report on Friday, March 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of C$97.33.
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Shares of Canadian National Railway Company (TSE:CNR) traded up 0.59% during mid-day trading on Thursday, reaching $100.95. 1,029,153 shares of the company were exchanged. Canadian National Railway Company has a 12 month low of $72.78 and a 12 month high of $101.15. The firm has a market capitalization of $76.75 billion and a price-to-earnings ratio of 21.62. The company’s 50-day moving average is $97.51 and its 200 day moving average is $91.71.
In other Canadian National Railway Company news, Director James E. O’connor bought 2,850 shares of the company’s stock in a transaction dated Thursday, January 26th. The shares were bought at an average price of C$70.05 per share, for a total transaction of C$199,642.50. Also, insider Jean-Jacques Ruest sold 15,417 shares of the company’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of C$95.94, for a total value of C$1,479,106.98. Insiders sold a total of 43,518 shares of company stock worth $3,965,577 in the last quarter.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 10th were issued a $0.4125 dividend. This is an increase from Canadian National Railway Company’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Wednesday, March 8th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.64%.
About Canadian National Railway Company
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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