Canadian National Railway (TSE:CNR) (NYSE:CNI) – Cormark lowered their FY2017 EPS estimates for Canadian National Railway in a research note issued on Thursday. Cormark analyst D. Tyerman now forecasts that the company will post earnings per share of $4.99 for the year, down from their previous estimate of $5.06. Cormark also issued estimates for Canadian National Railway’s Q4 2017 earnings at $1.20 EPS, Q1 2018 earnings at $1.13 EPS, Q2 2018 earnings at $1.43 EPS, Q4 2018 earnings at $1.43 EPS, FY2018 earnings at $5.47 EPS, FY2019 earnings at $6.14 EPS, FY2020 earnings at $6.82 EPS, FY2021 earnings at $7.57 EPS and FY2022 earnings at $8.39 EPS.
Several other equities research analysts also recently weighed in on CNR. CIBC cut their price target on Canadian National Railway from C$111.00 to C$110.00 in a report on Tuesday, September 26th. JPMorgan Chase & Co. dropped their price objective on Canadian National Railway from C$105.00 to C$104.00 in a report on Wednesday, October 25th. National Bank Financial increased their price objective 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. Raymond James Financial downgraded Canadian National Railway from an “outperform” rating to a “market perform” rating and set a C$115.00 price objective on the stock. in a report on Thursday, October 26th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a C$111.00 price objective on shares of Canadian National Railway in a report on Wednesday, October 25th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$109.70.
In related news, insider Jean-Jacques Ruest sold 14,736 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of C$103.87, for a total value of C$1,530,628.32.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 8th were issued a $0.4125 dividend. The ex-dividend date was Thursday, December 7th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.63%. Canadian National Railway’s payout ratio is currently 31.56%.
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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