Canadian National Railway Company (NYSE:CNI) (TSE:CNR) – Investment analysts at National Bank Financial raised their Q3 2017 earnings per share estimates for shares of Canadian National Railway in a research note issued to investors on Tuesday. National Bank Financial analyst C. Doerksen now anticipates that the transportation company will post earnings of $1.10 per share for the quarter, up from their previous estimate of $1.08. National Bank Financial also issued estimates for Canadian National Railway’s FY2017 earnings at $4.19 EPS.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Tuesday, July 11th. BidaskClub cut shares of Canadian National Railway from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Barclays PLC reiterated an “equal weight” rating and set a $81.00 price target (up previously from $69.00) on shares of Canadian National Railway in a research report on Wednesday, May 17th. Stifel Nicolaus lifted their price target on shares of Canadian National Railway from $74.00 to $79.00 and gave the stock a “hold” rating in a research report on Thursday, June 15th. Finally, Credit Suisse Group reiterated a “neutral” rating and set 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. Fourteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $80.56.

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Shares of Canadian National Railway (CNI) opened at 80.52 on Thursday. Canadian National Railway has a 12 month low of $61.11 and a 12 month high of $84.48. The company has a 50 day moving average of $80.06 and a 200 day moving average of $77.18. The stock has a market cap of $60.47 billion, a P/E ratio of 20.08 and a beta of 1.11.

Institutional investors and hedge funds have recently made changes to their positions in the business. Broderick Brian C lifted its stake in Canadian National Railway by 0.7% in the first quarter. Broderick Brian C now owns 111,198 shares of the transportation company’s stock valued at $8,220,000 after buying an additional 748 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in Canadian National Railway in the second quarter valued at approximately $2,293,000. Pinnacle Associates Ltd. lifted its stake in Canadian National Railway by 2.1% in the first quarter. Pinnacle Associates Ltd. now owns 142,901 shares of the transportation company’s stock valued at $10,565,000 after buying an additional 3,005 shares in the last quarter. AQR Capital Management LLC lifted its stake in Canadian National Railway by 9.9% in the first quarter. AQR Capital Management LLC now owns 468,923 shares of the transportation company’s stock valued at $34,514,000 after buying an additional 42,354 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Canadian National Railway by 2.3% in the first quarter. JPMorgan Chase & Co. now owns 1,405,864 shares of the transportation company’s stock valued at $103,935,000 after buying an additional 31,746 shares in the last quarter. 54.49% of the stock is currently owned by hedge funds and other institutional investors.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a $0.3276 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.31 dividend on an annualized basis and a yield of 1.63%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.31. Canadian National Railway’s payout ratio is presently 34.38%.

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.

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

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