Canadian National Railway Company Expected to Post FY2016 Earnings of $4.52 Per Share (CNR)
Canadian National Railway Company (TSE:CNR) – Research analysts at Raymond James Financial upped their FY2016 earnings per share (EPS) estimates for shares of Canadian National Railway Company in a note issued to investors on Monday. Raymond James Financial analyst S. Hansen now forecasts that the firm will post earnings per share of $4.52 for the year, up from their prior forecast of $4.50. Raymond James Financial has a “Market Perform” rating and a $94.00 price objective on the stock. Raymond James Financial also issued estimates for Canadian National Railway Company’s Q4 2016 earnings at $1.17 EPS, Q1 2017 earnings at $1.07 EPS, Q2 2017 earnings at $1.30 EPS, Q3 2017 earnings at $1.35 EPS, Q4 2017 earnings at $1.27 EPS, FY2017 earnings at $5.00 EPS and FY2018 earnings at $5.55 EPS.
Several other research firms also recently weighed in on CNR. Scotiabank reissued a “sector perform” rating and issued a C$87.00 price objective on shares of Canadian National Railway Company in a report on Friday, September 30th. Canadian National Railway Co. increased their price objective on Canadian National Railway Company from C$85.00 to C$89.00 in a report on Monday, September 12th. TD Securities reissued a “hold” rating and issued a C$90.00 price objective on shares of Canadian National Railway Company in a report on Friday, October 7th. Loop Capital reissued a “hold” rating on shares of Canadian National Railway Company in a report on Tuesday, September 27th. Finally, CIBC decreased their price objective on Canadian National Railway Company from C$86.00 to C$84.00 in a report on Thursday, June 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$87.65.
Canadian National Railway Company (TSE:CNR) traded up 1.05% during mid-day trading on Tuesday, hitting $87.97. The stock had a trading volume of 436,682 shares. The stock’s 50-day moving average is $84.89 and its 200 day moving average is $80.62. Canadian National Railway Company has a 52 week low of $66.62 and a 52 week high of $89.40. The company has a market capitalization of $67.88 billion and a P/E ratio of 19.39.
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The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Wednesday, September 7th.
About Canadian National Railway Company
Canadian National Railway Co 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.
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