Research Analysts Issue Forecasts for Canadian National Railway Company’s FY2017 Earnings (CNR)
Canadian National Railway Company (TSE:CNR) (NYSE:CNI) – Analysts at National Bank Financial cut their FY2017 earnings estimates for shares of Canadian National Railway in a research report issued on Tuesday. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings per share of $5.11 for the year, down from their prior estimate of $5.15. National Bank Financial also issued estimates for Canadian National Railway’s Q4 2017 earnings at $1.28 EPS, Q2 2018 earnings at $1.43 EPS, Q4 2018 earnings at $1.42 EPS and FY2018 earnings at $5.53 EPS.
A number of other equities research analysts have also issued reports on CNR. BMO Capital Markets reissued an “outperform” rating and issued a C$111.00 price target on shares of Canadian National Railway in a report on Monday, September 11th. Scotiabank reaffirmed an “outperform” rating and issued a C$115.00 target price on shares of Canadian National Railway in a research report on Monday, September 11th. Raymond James Financial, Inc. raised their target price on shares of Canadian National Railway from C$112.00 to C$115.00 and gave the stock an “outperform” rating in a research report on Friday, June 16th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$110.00 target price on shares of Canadian National Railway in a research report on Friday, September 8th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Canadian National Railway currently has an average rating of “Buy” and an average price target of C$103.91.
Canadian National Railway (TSE CNR) opened at 99.57 on Friday. The firm has a market cap of $74.78 billion and a price-to-earnings ratio of 19.58. The stock’s 50 day moving average is $100.05 and its 200 day moving average is $101.13. Canadian National Railway has a one year low of $82.67 and a one year high of $108.64.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Tuesday, July 25th. The company reported C$1.34 earnings per share for the quarter, beating the consensus estimate of C$1.31 by C$0.03. Canadian National Railway had a net margin of 30.97% and a return on equity of 27.63%. The firm had revenue of C$3.33 billion for the quarter, compared to analyst estimates of C$3.22 billion.
In related news, insider Sean Finn sold 11,500 shares of Canadian National Railway stock in a transaction dated Monday, September 11th. The shares were sold at an average price of C$99.13, for a total transaction of C$1,139,995.00. Also, Director Robert L. Phillips purchased 2,000 shares of the stock in a transaction that occurred on Friday, June 23rd. The shares were acquired at an average cost of C$105.63 per share, with a total value of C$211,260.00. Over the last ninety days, insiders bought 8,200 shares of company stock valued at $826,781 and sold 27,175 shares valued at $2,683,851.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a $0.4125 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.65 annualized dividend and a dividend yield of 1.66%.
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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