Canadian National Railway Company (TSE:CNR) (NYSE:CNI) – Research analysts at National Bank Financial decreased 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. National Bank Financial analyst C. Doerksen now expects that the company will post earnings of $1.22 per share for the quarter, down from their previous estimate of $1.23. National Bank Financial also issued estimates for Canadian National Railway Company’s Q3 2017 earnings at $1.30 EPS, Q4 2017 earnings at $1.29 EPS, Q1 2018 earnings at $1.28 EPS and FY2018 earnings at $5.50 EPS.
A number of other research analysts have also commented on CNR. CIBC upped their target price on Canadian National Railway Company from C$90.00 to C$99.00 in a research note on Thursday, January 5th. Desjardins upped their target price on Canadian National Railway Company from C$92.00 to C$97.00 in a research note on Monday, January 16th. JPMorgan Chase & Co. upped their target price on Canadian National Railway Company from C$91.00 to C$92.00 in a research note on Tuesday, January 17th. Raymond James Financial, Inc. restated an “outperform” rating on shares of Canadian National Railway Company in a research note on Wednesday, January 18th. Finally, TD Securities reiterated a “hold” rating and set a C$96.00 price objective on shares of Canadian National Railway Company in a research note on Wednesday, January 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of C$97.33.
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Canadian National Railway Company (TSE:CNR) traded up 0.59% during mid-day trading on Thursday, hitting $100.95. 1,029,153 shares of the stock were exchanged. The stock has a market cap of $76.75 billion and a price-to-earnings ratio of 21.62. Canadian National Railway Company has a 52 week low of $72.78 and a 52 week high of $101.15. The company has a 50 day moving average price of $97.51 and a 200 day moving average price of $91.71.
In related news, insider Sean Finn sold 14,460 shares of the firm’s stock in a transaction dated Thursday, January 26th. The stock was sold at an average price of C$91.63, for a total value of C$1,324,969.80. Also, Director James E. O’connor purchased 2,850 shares of the firm’s stock in a transaction that occurred on Thursday, January 26th. The stock was purchased at an average price of C$70.05 per share, for a total transaction of C$199,642.50. Insiders have sold 43,518 shares of company stock worth $3,965,577 in the last 90 days.
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 dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Wednesday, March 8th. This is a boost from Canadian National Railway Company’s previous quarterly dividend of $0.38.
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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