National Bank Financial Analysts Reduce Earnings Estimates for Canadian National Railway Company (CNR)
Canadian National Railway Company (TSE:CNR) (NYSE:CNI) – Analysts at National Bank Financial lowered their FY2017 earnings estimates for Canadian National Railway in a research report issued to clients and investors on Tuesday. National Bank Financial analyst C. Doerksen now expects that the company will post earnings per share of $5.11 for the year, down from their prior forecast of $5.15. National Bank Financial also issued estimates for Canadian National Railway’s Q4 2017 earnings at $1.28 EPS, Q2 2018 earnings at $1.43 EPS, Q4 2018 earnings at $1.42 EPS and FY2018 earnings at $5.53 EPS.
CNR has been the subject of several other research reports. Scotiabank reiterated an “outperform” rating and issued a C$115.00 price objective on shares of Canadian National Railway in a research report on Monday. Royal Bank Of Canada reissued an “outperform” rating and issued a C$110.00 target price on shares of Canadian National Railway in a report on Friday, September 8th. Raymond James Financial, Inc. increased their price objective on 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. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a C$111.00 price objective on shares of Canadian National Railway in a research note on Thursday, June 15th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Canadian National Railway currently has an average rating of “Buy” and an average price target of C$103.91.
Shares of Canadian National Railway (TSE:CNR) opened at 98.64 on Friday. Canadian National Railway has a 52 week low of $81.95 and a 52 week high of $108.64. The stock has a 50 day moving average of $100.03 and a 200-day moving average of $101.09. The company has a market capitalization of $74.08 billion and a price-to-earnings ratio of 19.40.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Tuesday, July 25th. The company reported C$1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.31 by C$0.03. The business had revenue of C$3.33 billion during the quarter, compared to analysts’ expectations of C$3.22 billion. Canadian National Railway had a net margin of 30.97% and a return on equity of 27.63%.
In other news, Director Robert L. Phillips acquired 2,000 shares of the company’s stock in a transaction dated Friday, June 23rd. The shares were bought at an average price of C$105.63 per share, with a total value of C$211,260.00. Also, Director Robert Pace acquired 4,900 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was purchased at an average cost of C$99.20 per share, for a total transaction of C$486,080.00. In the last ninety days, insiders have acquired 8,200 shares of company stock worth $826,781 and have sold 27,175 shares worth $2,683,851.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a yield of 1.67%. The ex-dividend date is Thursday, September 7th.
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.
Receive News & Ratings for Canadian National Railway Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway Company and related companies with MarketBeat.com's FREE daily email newsletter.