Canadian National Railway Company to Post FY2017 Earnings of $5.06 Per Share, Cormark Forecasts (CNR)
Canadian National Railway Company (TSE:CNR) (NYSE:CNI) – Equities researchers at Cormark cut their FY2017 earnings per share estimates for Canadian National Railway in a report issued on Wednesday. Cormark analyst D. Tyerman now anticipates that the company will post earnings of $5.06 per share for the year, down from their prior estimate of $5.12. Cormark also issued estimates for Canadian National Railway’s Q4 2017 earnings at $1.26 EPS, Q1 2018 earnings at $1.17 EPS, Q3 2018 earnings at $1.49 EPS, FY2018 earnings at $5.53 EPS, FY2019 earnings at $6.15 EPS, FY2020 earnings at $6.84 EPS and FY2021 earnings at $7.58 EPS.
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CNR has been the topic of a number of other reports. Scotiabank decreased their price objective on shares of Canadian National Railway from C$115.00 to C$113.00 and set an “outperform” rating on the stock in a research note on Wednesday. Royal Bank Of Canada decreased their price objective on shares of Canadian National Railway from C$114.00 to C$113.00 and set an “outperform” rating on the stock in a research note on Wednesday. CIBC decreased their price objective on shares of Canadian National Railway from C$111.00 to C$110.00 in a research note on Tuesday, September 26th. BMO Capital Markets reissued an “outperform” rating and issued a C$111.00 price objective on shares of Canadian National Railway in a research note on Wednesday. Finally, Raymond James Financial, Inc. cut shares of 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 research note on Thursday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Canadian National Railway presently has an average rating of “Buy” and a consensus target price of C$107.60.
Canadian National Railway (TSE CNR) opened at 104.22 on Friday. Canadian National Railway has a one year low of $82.85 and a one year high of $108.64. The firm has a market capitalization of $78.27 billion and a P/E ratio of 20.50. The stock has a 50 day moving average price of $101.55 and a 200 day moving average price of $102.22.
In related news, insider Sean Finn sold 11,168 shares of Canadian National Railway stock in a transaction on Monday, September 25th. The shares were sold at an average price of C$100.75, for a total transaction of C$1,125,176.00. Also, insider Michael A. Cory sold 250 shares of Canadian National Railway stock in a transaction on Thursday, August 31st. The stock was sold at an average price of C$100.44, for a total transaction of C$25,110.00. In the last quarter, insiders have sold 54,382 shares of company stock worth $4,870,014.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be issued a dividend of $0.4125 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.58%.
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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