FY2017 EPS Estimates for Canadian National Railway (CNR) Lowered by National Bank Financial
Canadian National Railway (TSE:CNR) (NYSE:CNI) – Analysts at National Bank Financial dropped their FY2017 earnings per share (EPS) estimates for Canadian National Railway in a research note issued to investors on Tuesday. National Bank Financial analyst C. Doerksen now expects that the company will earn $5.02 per share for the year, down from their prior forecast of $5.09. National Bank Financial has a “Sector Perform” rating and a $108.00 price objective on the stock. National Bank Financial also issued estimates for Canadian National Railway’s Q2 2018 earnings at $1.41 EPS, FY2018 earnings at $5.48 EPS and FY2019 earnings at $5.95 EPS.
A number of other equities research analysts have also weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a C$110.00 target price on shares of Canadian National Railway in a research report on Friday, September 8th. Scotiabank decreased their target price on Canadian National Railway from C$115.00 to C$113.00 and set an “outperform” rating for the company in a research report on Wednesday, October 25th. TD Securities raised Canadian National Railway from a “hold” rating to a “buy” rating and lifted their target price for the company from C$110.00 to C$115.00 in a research report on Thursday, November 30th. Desjardins raised Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a C$111.00 price target on shares of Canadian National Railway in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Canadian National Railway presently has a consensus rating of “Buy” and a consensus target price of C$108.60.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be issued a $0.4125 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.60%. Canadian National Railway’s dividend payout ratio is presently 31.56%.
In related news, insider Sean Finn sold 11,168 shares of the business’s stock in a transaction on 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 business’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of C$81.99, for a total value of C$2,579,733.36.
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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.
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