Canadian National Railway Company (TSE:CNR) (NYSE:CNI) – Research analysts at Desjardins dropped their Q3 2017 earnings per share (EPS) estimates for Canadian National Railway in a research report issued on Wednesday. Desjardins analyst B. Poirier now expects that the company will post earnings per share of $1.37 for the quarter, down from their prior forecast of $1.39. Desjardins also issued estimates for Canadian National Railway’s FY2017 earnings at $5.10 EPS and FY2019 earnings at $6.10 EPS.
Other analysts also recently issued reports about the stock. National Bank Financial boosted their target price on shares of Canadian National Railway from C$94.00 to C$101.00 in a research note on Tuesday, April 25th. Macquarie cut their target price on shares of Canadian National Railway from C$100.00 to C$98.00 in a research note on Thursday, April 13th. CIBC boosted their target price on shares of Canadian National Railway from C$100.00 to C$105.00 in a research note on Tuesday, April 25th. TD Securities reissued a “hold” rating and set a C$105.00 target price on shares of Canadian National Railway in a research note on Tuesday, May 2nd. Finally, Raymond James Financial, Inc. boosted their target price on shares of Canadian National Railway from C$112.00 to C$115.00 and gave the company an “outperform” rating in a research note on Friday, June 16th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of C$101.31.
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Shares of Canadian National Railway (TSE CNR) opened at 98.41 on Friday. The stock’s 50 day moving average price is $104.98 and its 200 day moving average price is $99.24. Canadian National Railway has a 12-month low of $80.11 and a 12-month high of $108.64. The firm has a market cap of $74.41 billion and a PE ratio of 20.36.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.03. Canadian National Railway had a return on equity of 23.86% and a net margin of 27.57%. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.22 billion.
In related news, insider Scott Daniels purchased 1,300 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were acquired at an average cost of C$99.57 per share, with a total value of C$129,441.00. Also, insider Jean-Jacques Ruest sold 15,655 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of C$103.40, for a total transaction of C$1,618,727.00. Over the last ninety days, insiders bought 8,200 shares of company stock worth $826,781 and sold 30,132 shares worth $3,110,538.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be paid a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Thursday, September 7th.
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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