Q3 2018 EPS Estimates for Canadian National Railway Decreased by Analyst (CNR)
Canadian National Railway (TSE:CNR) (NYSE:CNI) – Equities researchers at Cormark reduced their Q3 2018 EPS estimates for shares of Canadian National Railway in a research note issued on Thursday. Cormark analyst D. Tyerman now forecasts that the company will earn $1.48 per share for the quarter, down from their prior forecast of $1.49.
Other equities analysts also recently issued research reports about the company. National Bank Financial increased their price target on Canadian National Railway from C$105.00 to C$108.00 and gave the company a “sector perform” rating in a report on Wednesday, October 25th. BMO Capital Markets reiterated an “outperform” rating and set a C$111.00 price target on shares of Canadian National Railway in a report on Wednesday, October 25th. JPMorgan Chase & Co. lowered their price target on Canadian National Railway from C$105.00 to C$104.00 in a report on Wednesday, October 25th. CIBC lowered their price target on Canadian National Railway from C$111.00 to C$110.00 in a report on Tuesday, September 26th. Finally, Desjardins upgraded Canadian National Railway from a “hold” rating to a “buy” rating in a report on Wednesday, October 25th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of C$109.70.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 8th were paid a $0.4125 dividend. The ex-dividend date was Thursday, December 7th. This represents a $1.65 annualized dividend and a dividend yield of 1.63%. Canadian National Railway’s payout ratio is 31.56%.
In other news, insider Jean-Jacques Ruest sold 14,736 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of C$103.87, for a total value of C$1,530,628.32.
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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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