Canadian National Railway (TSE:CNR) (NYSE:CNI) – Equities research analysts at Cormark lifted their Q4 2018 earnings per share estimates for Canadian National Railway in a research report issued on Tuesday, July 10th. Cormark analyst D. Tyerman now expects that the company will post earnings per share of $1.46 for the quarter, up from their prior estimate of $1.44. Cormark also issued estimates for Canadian National Railway’s Q4 2019 earnings at $1.56 EPS.
A number of other analysts have also commented on CNR. CIBC upped their price objective on shares of Canadian National Railway from C$105.00 to C$115.00 in a research note on Wednesday, June 20th. Raymond James upped their price objective on shares of Canadian National Railway from C$114.00 to C$116.00 in a research note on Monday. National Bank Financial upped their price objective on shares of Canadian National Railway from C$103.00 to C$107.00 and gave the company a “sector perform” rating in a research note on Thursday, June 21st. Barclays reduced their price objective on shares of Canadian National Railway from C$110.00 to C$101.00 in a research note on Wednesday, April 18th. Finally, Desjardins reduced their price objective on shares of Canadian National Railway from C$115.00 to C$113.00 in a research note on Monday, April 16th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$110.00.
Shares of Canadian National Railway opened at C$111.48 on Wednesday, according to MarketBeat. Canadian National Railway has a twelve month low of C$90.84 and a twelve month high of C$111.59.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Monday, April 23rd. The company reported C$1.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$1.02 by C($0.02). Canadian National Railway had a net margin of 79.48% and a return on equity of 65.99%. The business had revenue of C$3.19 billion during the quarter, compared to analyst estimates of C$3.17 billion.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 29th. Shareholders of record on Friday, June 8th were paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Thursday, June 7th.
In other news, insider Michael A. Cory sold 3,518 shares of the company’s stock in a transaction dated Wednesday, May 23rd. The stock was sold at an average price of C$107.59, for a total value of C$378,501.62. Also, insider Sean Finn sold 12,885 shares of the company’s stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of C$109.50, for a total value of C$1,410,907.50. Insiders have sold 25,493 shares of company stock valued at $2,706,002 over the last ninety days.
Canadian National Railway Company Profile
Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.
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