Canadian National Railway Company (NYSE:CNI) (TSE:CNR) – Research analysts at Seaport Global Securities upped their Q3 2017 earnings per share estimates for shares of Canadian National Railway in a research note issued to investors on Wednesday. Seaport Global Securities analyst M. Levin now forecasts that the transportation company will post earnings of $1.08 per share for the quarter, up from their prior estimate of $1.01. Seaport Global Securities also issued estimates for Canadian National Railway’s Q4 2017 earnings at $1.04 EPS, FY2017 earnings at $4.12 EPS, FY2018 earnings at $4.44 EPS and FY2019 earnings at $4.96 EPS.
CNI has been the subject of several other research reports. Cowen and Company lifted their price target on Canadian National Railway from $77.00 to $81.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 25th. Credit Suisse Group reiterated a “neutral” rating and issued a $84.00 price target (up previously from $78.00) on shares of Canadian National Railway in a research report on Thursday, July 13th. They noted that the move was a valuation call. BidaskClub lowered Canadian National Railway from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Barclays PLC dropped their target price on Canadian National Railway from $71.00 to $69.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 25th. Finally, Stifel Nicolaus boosted their target price on Canadian National Railway from $74.00 to $79.00 and gave the company a “hold” rating in a research report on Thursday, June 15th. Fifteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $80.56.
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Canadian National Railway (NYSE CNI) opened at 79.12 on Thursday. The firm’s 50-day moving average price is $81.24 and its 200-day moving average price is $74.94. Canadian National Railway has a 52-week low of $61.11 and a 52-week high of $84.48. The company has a market cap of $59.82 billion, a price-to-earnings ratio of 20.70 and a beta of 1.12.
Hedge funds have recently bought and sold shares of the stock. Weatherly Asset Management L. P. increased its stake in Canadian National Railway by 34.7% in the second quarter. Weatherly Asset Management L. P. now owns 21,840 shares of the transportation company’s stock valued at $1,770,000 after buying an additional 5,631 shares in the last quarter. Compass Capital Management Inc. bought a new stake in Canadian National Railway during the second quarter valued at $205,000. Janney Montgomery Scott LLC increased its stake in Canadian National Railway by 16.7% in the second quarter. Janney Montgomery Scott LLC now owns 101,280 shares of the transportation company’s stock valued at $8,209,000 after buying an additional 14,470 shares in the last quarter. Taylor Cottrill Erickson & Associates Inc. increased its stake in Canadian National Railway by 0.3% in the second quarter. Taylor Cottrill Erickson & Associates Inc. now owns 38,065 shares of the transportation company’s stock valued at $3,085,000 after buying an additional 100 shares in the last quarter. Finally, Greystone Managed Investments Inc. increased its stake in Canadian National Railway by 2.6% in the second quarter. Greystone Managed Investments Inc. now owns 880,139 shares of the transportation company’s stock valued at $71,308,000 after buying an additional 22,561 shares in the last quarter. 55.16% of the stock is owned by hedge funds and other institutional investors.
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 dividend of $0.3276 per share. This represents a $1.31 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, September 7th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.31. Canadian National Railway’s payout ratio is currently 31.77%.
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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