Canadian National Railway Company (NYSE:CNI) (TSE:CNR) – Research analysts at Desjardins increased their FY2017 earnings estimates for Canadian National Railway in a research report issued to clients and investors on Monday. Desjardins analyst B. Poirier now anticipates that the transportation company will post earnings of $4.28 per share for the year, up from their prior estimate of $4.08. Desjardins also issued estimates for Canadian National Railway’s FY2019 earnings at $4.91 EPS.

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A number of other research firms have also recently weighed in on CNI. Credit Suisse Group restated a “neutral” rating and set a $84.00 target price (up previously from $78.00) on shares of Canadian National Railway in a research note on Thursday, July 13th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research note on Tuesday, July 11th. Cowen and Company restated a “buy” rating and set a $83.00 target price on shares of Canadian National Railway in a research note on Sunday, September 24th. BidaskClub cut shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Stifel Nicolaus restated a “hold” rating and set a $89.00 target price on shares of Canadian National Railway in a research note on Friday, October 6th. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $82.47.

Shares of Canadian National Railway (NYSE:CNI) opened at 80.23 on Tuesday. The firm has a market capitalization of $60.25 billion, a PE ratio of 19.18 and a beta of 1.13. The company’s 50-day moving average price is $81.33 and its 200 day moving average price is $78.78. Canadian National Railway has a 12-month low of $61.72 and a 12-month high of $84.48.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were issued a $0.3276 dividend. The ex-dividend date was Thursday, September 7th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.31. This represents a $1.31 dividend on an annualized basis and a dividend yield of 1.63%. Canadian National Railway’s payout ratio is 34.38%.

Institutional investors have recently bought and sold shares of the company. Hall Laurie J Trustee increased its holdings in shares of Canadian National Railway by 4.1% in the 2nd quarter. Hall Laurie J Trustee now owns 1,275 shares of the transportation company’s stock worth $103,000 after buying an additional 50 shares during the last quarter. City Holding Co. increased its holdings in shares of Canadian National Railway by 15.4% in the 2nd quarter. City Holding Co. now owns 1,313 shares of the transportation company’s stock worth $106,000 after buying an additional 175 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Canadian National Railway by 0.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,416 shares of the transportation company’s stock worth $115,000 after buying an additional 12 shares during the last quarter. UBS Asset Management Americas Inc. bought a new stake in shares of Canadian National Railway in the 1st quarter worth about $123,000. Finally, Proficio Capital Partners LLC increased its holdings in shares of Canadian National Railway by 151.9% in the 1st quarter. Proficio Capital Partners LLC now owns 1,768 shares of the transportation company’s stock worth $135,000 after buying an additional 1,066 shares during the last quarter. Hedge funds and other institutional investors own 54.44% of the company’s stock.

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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