Canadian National Railway Company (NYSE:CNI) (TSE:CNR) – Analysts at Cormark boosted their FY2016 earnings per share estimates for shares of Canadian National Railway Company in a research report issued to clients and investors on Wednesday. Cormark analyst D. Tyerman now forecasts that the firm will post earnings per share of $3.51 for the year, up from their previous estimate of $3.38. Cormark also issued estimates for Canadian National Railway Company’s Q4 2017 earnings at $0.97 EPS, FY2017 earnings at $3.73 EPS, FY2018 earnings at $4.12 EPS, FY2019 earnings at $4.58 EPS, FY2020 earnings at $5.04 EPS and FY2021 earnings at $5.53 EPS.

A number of other brokerages have also issued reports on CNI. Bank of America Corporation upgraded shares of Canadian National Railway Company from an “underperform” rating to a “neutral” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Canadian National Railway Company from a “sell” rating to a “hold” rating and set a $78.00 price target on the stock in a research note on Tuesday. Raymond James Financial, Inc. upgraded shares of Canadian National Railway Company from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 4th. Vertical Research assumed coverage on shares of Canadian National Railway Company in a research note on Tuesday, October 11th. They set a “hold” rating on the stock. Finally, TD Securities reiterated a “hold” rating and set a $90.00 price target on shares of Canadian National Railway Company in a research note on Saturday, October 8th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and ten have issued a buy rating to the company. Canadian National Railway Company presently has a consensus rating of “Hold” and a consensus target price of $76.76.

Earnings History and Estimates for Canadian National Railway Company (NYSE:CNI)

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Canadian National Railway Company (NYSE:CNI) opened at 71.00 on Thursday. Canadian National Railway Company has a 12 month low of $46.23 and a 12 month high of $71.50. The stock has a market capitalization of $54.41 billion, a price-to-earnings ratio of 20.75 and a beta of 1.01. The company has a 50 day moving average of $68.18 and a 200 day moving average of $64.75.

Canadian National Railway Company (NYSE:CNI) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $1.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.33. The firm earned $3.01 billion during the quarter, compared to analyst estimates of $2.39 billion. Canadian National Railway Company had a net margin of 29.78% and a return on equity of 23.70%. Canadian National Railway Company’s revenue was down 6.5% on a year-over-year basis. During the same period last year, the firm posted $1.26 EPS.

Several hedge funds and other institutional investors have recently made changes to their positions in CNI. The Manufacturers Life Insurance Company purchased a new position in shares of Canadian National Railway Company during the third quarter worth $305,597,000. Mackenzie Financial Corp purchased a new position in shares of Canadian National Railway Company during the second quarter worth $259,302,000. Emerald Acquisition Ltd. purchased a new position in shares of Canadian National Railway Company during the second quarter worth $218,816,000. CGOV Asset Management purchased a new position in shares of Canadian National Railway Company during the third quarter worth $190,429,000. Finally, FMR LLC boosted its position in shares of Canadian National Railway Company by 16.3% in the second quarter. FMR LLC now owns 13,107,827 shares of the company’s stock worth $774,020,000 after buying an additional 1,839,225 shares in the last quarter. Institutional investors and hedge funds own 54.27% of the company’s stock.

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The company also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 9th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Wednesday, December 7th. Canadian National Railway Company’s dividend payout ratio is currently 32.75%.

About Canadian National Railway Company

Canadian National Railway Co 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. The Company’s freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.

5 Day Chart for NYSE:CNI

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