Canadian National Railway (TSE:CNR) (NYSE:CNI) – Analysts at Desjardins dropped their Q4 2017 earnings estimates for Canadian National Railway in a report released on Monday. Desjardins analyst B. Poirier now anticipates that the company will post earnings of $1.24 per share for the quarter, down from their previous forecast of $1.27. Desjardins currently has a “Buy” rating on the stock.
Several other equities research analysts have also issued reports on the company. TD Securities raised Canadian National Railway from a “hold” rating to a “buy” rating and upped their price target for the company from C$110.00 to C$115.00 in a research report on Thursday, November 30th. Raymond James Financial lowered Canadian National Railway from an “outperform” rating to a “market perform” rating and set a C$115.00 target price on the stock. in a research report on Thursday, October 26th. Royal Bank of Canada dropped their target price on Canadian National Railway from C$114.00 to C$113.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 25th. Scotiabank dropped their target price on Canadian National Railway from C$115.00 to C$113.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 25th. Finally, National Bank Financial increased their price target on Canadian National Railway from C$105.00 to C$108.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$108.60.
In other news, insider Sean Finn sold 11,168 shares of the stock in a transaction dated Monday, September 25th. The stock was sold at an average price of C$100.75, for a total transaction of C$1,125,176.00. Also, insider Jean-Jacques Ruest sold 31,464 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of C$81.99, for a total value of C$2,579,733.36.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be paid a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 1.61%. The ex-dividend date is Thursday, December 7th. Canadian National Railway’s dividend payout ratio is currently 31.56%.
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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.
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