Canadian National Railway (NYSE:CNI) (TSE:CNR) – Stock analysts at National Bank Financial reduced their Q2 2017 earnings estimates for Canadian National Railway in a research note issued to investors on Tuesday, Zacks Investment Research reports. National Bank Financial analyst C. Doerksen now expects that the transportation company will earn $0.92 per share for the quarter, down from their prior estimate of $0.93. National Bank Financial also issued estimates for Canadian National Railway’s Q3 2017 earnings at $0.98 EPS, Q4 2017 earnings at $0.97 EPS, Q1 2018 earnings at $0.96 EPS, Q3 2018 earnings at $1.08 EPS and FY2018 earnings at $4.13 EPS.
Several other analysts have also recently issued reports on the company. Wells Fargo & Co initiated coverage on Canadian National Railway in a report on Monday, March 13th. They set a “market perform” rating on the stock. Zacks Investment Research raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Wednesday, January 18th. Bank of America Corp raised Canadian National Railway from an “underperform” rating to a “neutral” rating in a report on Thursday, January 12th. Credit Suisse Group AG decreased their price objective on Canadian National Railway from $72.00 to $70.00 and set a “neutral” rating on the stock in a report on Wednesday, January 25th. Finally, Loop Capital reaffirmed a “hold” rating on shares of Canadian National Railway in a report on Saturday, March 25th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and six have issued a buy rating to the company’s stock. Canadian National Railway has a consensus rating of “Hold” and an average price target of $77.00.
Shares of Canadian National Railway (NYSE:CNI) traded up 0.32% during midday trading on Thursday, hitting $74.72. 895,742 shares of the stock were exchanged. The firm’s 50 day moving average price is $72.86 and its 200-day moving average price is $68.94. Canadian National Railway has a 52-week low of $55.73 and a 52-week high of $75.06. The stock has a market cap of $56.81 billion, a P/E ratio of 21.47 and a beta of 1.07.
Canadian National Railway (NYSE:CNI) last issued its earnings results on Tuesday, January 24th. The transportation company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.32. The firm earned $3.22 billion during the quarter, compared to analyst estimates of $2.32 billion. Canadian National Railway had a net margin of 30.29% and a return on equity of 24.02%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $1.18 earnings per share.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 10th were given a dividend of $0.3097 per share. The ex-dividend date of this dividend was Wednesday, March 8th. This represents a $1.24 dividend on an annualized basis and a yield of 1.66%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.28. Canadian National Railway’s dividend payout ratio (DPR) is presently 31.73%.
Large investors have recently modified their holdings of the stock. Carroll Financial Associates Inc. increased its stake in shares of Canadian National Railway by 8.8% in the third quarter. Carroll Financial Associates Inc. now owns 1,638 shares of the transportation company’s stock worth $107,000 after buying an additional 132 shares during the last quarter. SRS Capital Advisors Inc. bought a new stake in shares of Canadian National Railway during the fourth quarter worth $137,000. Sowell Financial Services LLC bought a new stake in shares of Canadian National Railway during the fourth quarter worth $142,000. Salem Investment Counselors Inc. bought a new stake in shares of Canadian National Railway during the third quarter worth $166,000. Finally, Quadrant Capital Group LLC increased its stake in shares of Canadian National Railway by 2.4% in the third quarter. Quadrant Capital Group LLC now owns 2,745 shares of the transportation company’s stock worth $171,000 after buying an additional 65 shares during the last quarter. 55.16% of the stock is currently owned by institutional investors.
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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