Canadian National Railway (NYSE:CNI) (TSE:CNR) – Stock analysts at National Bank Financial reduced their FY2017 earnings per share (EPS) estimates for Canadian National Railway in a research report issued on Tuesday. National Bank Financial analyst C. Doerksen now forecasts that the transportation company will earn $3.92 per share for the year, down from their previous forecast of $4.02. National Bank Financial also issued estimates for Canadian National Railway’s Q4 2017 earnings at $0.95 EPS, Q1 2018 earnings at $0.97 EPS, Q2 2018 earnings at $1.10 EPS, Q3 2018 earnings at $1.09 EPS, Q4 2018 earnings at $1.12 EPS, FY2018 earnings at $4.27 EPS and FY2019 earnings at $4.64 EPS.

Other analysts also recently issued reports about the stock. BidaskClub raised shares of Canadian National Railway from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Cowen reaffirmed a “buy” rating and set a $83.00 price objective on shares of Canadian National Railway in a report on Sunday, September 24th. Stifel Nicolaus reaffirmed a “hold” rating and set a $89.00 price objective on shares of Canadian National Railway in a report on Friday, October 6th. Zacks Investment Research downgraded shares of Canadian National Railway from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Finally, Raymond James Financial downgraded shares of Canadian National Railway from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $79.67.

Shares of Canadian National Railway (CNI) opened at $80.42 on Thursday. Canadian National Railway has a fifty-two week low of $66.58 and a fifty-two week high of $84.48. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 0.58. The stock has a market cap of $59,755.14, a price-to-earnings ratio of 20.75, a PEG ratio of 2.16 and a beta of 1.09.

A number of institutional investors have recently bought and sold shares of CNI. Canada Pension Plan Investment Board raised its stake in shares of Canadian National Railway by 118.2% during the second quarter. Canada Pension Plan Investment Board now owns 204,700 shares of the transportation company’s stock valued at $16,585,000 after acquiring an additional 110,900 shares during the last quarter. Checchi Capital Advisers LLC bought a new position in shares of Canadian National Railway during the second quarter valued at about $329,000. Proficio Capital Partners LLC raised its stake in shares of Canadian National Railway by 0.8% during the second quarter. Proficio Capital Partners LLC now owns 1,783 shares of the transportation company’s stock valued at $143,000 after acquiring an additional 15 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Canadian National Railway by 12.2% during the second quarter. Legal & General Group Plc now owns 3,552,995 shares of the transportation company’s stock valued at $276,851,000 after acquiring an additional 386,552 shares during the last quarter. Finally, Highstreet Asset Management Inc. raised its stake in shares of Canadian National Railway by 140.7% during the second quarter. Highstreet Asset Management Inc. now owns 445,466 shares of the transportation company’s stock valued at $36,164,000 after acquiring an additional 260,395 shares during the last quarter. 53.83% of the stock is owned by institutional investors and hedge funds.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be paid a $0.3304 dividend. The ex-dividend date is Thursday, December 7th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.33. This represents a $1.32 annualized dividend and a yield of 1.64%. Canadian National Railway’s payout ratio is currently 33.33%.

Canadian National Railway declared that its Board of Directors has approved a stock repurchase plan on Tuesday, October 24th that permits the company to buyback 31,000,000 shares. This buyback authorization permits the transportation company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

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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.

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

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