Canadian National Railway (NYSE:CNI) (TSE:CNR) – Equities research analysts at Desjardins lowered their Q1 2017 earnings per share estimates for shares of Canadian National Railway in a research note issued to investors on Tuesday. Desjardins analyst B. Poirier now expects that the transportation company will post earnings per share of $0.88 for the quarter, down from their prior estimate of $0.89. Desjardins also issued estimates for Canadian National Railway’s FY2017 earnings at $3.71 EPS and FY2018 earnings at $4.04 EPS.

Canadian National Railway (NYSE:CNI) last announced its quarterly earnings data on Tuesday, January 24th. The transportation company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.32. Canadian National Railway had a net margin of 30.29% and a return on equity of 24.02%. The firm had revenue of $3.22 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the business earned $1.18 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year.

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Earnings History and Estimates for Canadian National Railway (NYSE:CNI)

CNI has been the subject of several other reports. Wells Fargo & Co started coverage on shares of Canadian National Railway in a report on Monday, March 13th. They issued a “market perform” rating for the company. Zacks Investment Research raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a report on Wednesday, January 18th. Bank of America Corp raised shares of Canadian National Railway from an “underperform” rating to a “neutral” rating in a report on Thursday, January 12th. Credit Suisse Group AG decreased their price objective on shares of Canadian National Railway from $72.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday, January 25th. Finally, Loop Capital reissued a “hold” rating on shares of Canadian National Railway in a report on Saturday, March 25th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $77.00.

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Canadian National Railway (NYSE:CNI) opened at 73.22 on Thursday. Canadian National Railway has a one year low of $55.73 and a one year high of $75.05. The stock’s 50 day moving average is $72.77 and its 200 day moving average is $68.90. The firm has a market cap of $55.67 billion, a price-to-earnings ratio of 21.04 and a beta of 1.07.

Several institutional investors have recently modified their holdings of CNI. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Canadian National Railway by 1.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 20,683,520 shares of the transportation company’s stock worth $1,349,681,000 after buying an additional 370,800 shares in the last quarter. FMR LLC raised its position in shares of Canadian National Railway by 9.9% in the fourth quarter. FMR LLC now owns 15,534,610 shares of the transportation company’s stock worth $1,045,474,000 after buying an additional 1,393,558 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Canadian National Railway by 1.6% in the fourth quarter. Franklin Resources Inc. now owns 7,512,788 shares of the transportation company’s stock worth $505,722,000 after buying an additional 115,388 shares in the last quarter. Beutel Goodman & Co Ltd. raised its position in shares of Canadian National Railway by 4.2% in the first quarter. Beutel Goodman & Co Ltd. now owns 6,166,745 shares of the transportation company’s stock worth $454,413,000 after buying an additional 247,575 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in shares of Canadian National Railway by 3.1% in the third quarter. Great West Life Assurance Co. Can now owns 6,075,760 shares of the transportation company’s stock worth $397,614,000 after buying an additional 184,013 shares in the last quarter. Hedge funds and other institutional investors own 55.16% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 10th were given a dividend of $0.3097 per share. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, March 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.69%. Canadian National Railway’s dividend payout ratio is currently 31.73%.

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.

5 Day Chart for NYSE:CNI

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