Canadian National Railway Co. (NYSE:CNI) – Investment analysts at Avondale Partners issued their Q3 2016 EPS estimates for Canadian National Railway in a research report issued to clients and investors on Tuesday. Avondale Partners analyst D. Broughton forecasts that the brokerage will earn $0.87 per share for the quarter.

Canadian National Railway (NYSE:CNI) last posted its quarterly earnings data on Monday, July 25th. The company reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.02. Canadian National Railway had a return on equity of 24.13% and a net margin of 29.55%. The business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the previous year, the firm earned $1.15 earnings per share. The business’s revenue was down 9.1% on a year-over-year basis.

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

A number of other research firms have also weighed in on CNI. Vertical Research began coverage on Canadian National Railway in a research report on Tuesday. They set a “hold” rating for the company. TD Securities reaffirmed a “hold” rating and set a $90.00 price objective on shares of Canadian National Railway in a research report on Saturday, October 8th. Scotiabank reaffirmed a “sector perform” rating and set a $87.00 price objective on shares of Canadian National Railway in a research report on Sunday, October 2nd. Loop Capital started coverage on Canadian National Railway in a report on Monday, September 26th. They issued a “hold” rating and a $64.00 target price for the company. Finally, Barclays PLC reissued an “equal weight” rating on shares of Canadian National Railway in a report on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $74.16.

Canadian National Railway (NYSE:CNI) opened at 66.49 on Thursday. Canadian National Railway has a 52-week low of $46.23 and a 52-week high of $67.66. The stock has a market cap of $51.30 billion, a PE ratio of 19.37 and a beta of 1.10. The firm has a 50-day moving average price of $64.65 and a 200 day moving average price of $62.05.

The business also recently disclosed a dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were paid a dividend of $0.288 per share. The ex-dividend date of this dividend was Wednesday, September 7th. Canadian National Railway’s payout ratio is currently 33.43%.

Large investors have recently modified their holdings of the company. Synovus Financial Corp boosted its stake in shares of Canadian National Railway by 0.4% in the second quarter. Synovus Financial Corp now owns 4,531 shares of the company’s stock valued at $268,000 after buying an additional 16 shares during the last quarter. Telemus Capital LLC boosted its stake in shares of Canadian National Railway by 0.6% in the third quarter. Telemus Capital LLC now owns 4,124 shares of the company’s stock valued at $270,000 after buying an additional 25 shares during the last quarter. Advisor Partners LLC boosted its stake in shares of Canadian National Railway by 0.5% in the second quarter. Advisor Partners LLC now owns 5,769 shares of the company’s stock valued at $339,000 after buying an additional 26 shares during the last quarter. First Allied Advisory Services Inc. boosted its stake in shares of Canadian National Railway by 0.8% in the second quarter. First Allied Advisory Services Inc. now owns 5,296 shares of the company’s stock valued at $311,000 after buying an additional 42 shares during the last quarter. Finally, Fulton Bank N.A. boosted its stake in shares of Canadian National Railway by 0.5% in the second quarter. Fulton Bank N.A. now owns 10,474 shares of the company’s stock valued at $618,000 after buying an additional 50 shares during the last quarter. 56.06% of the stock is currently owned by institutional investors.

Canadian National Railway Company Profile

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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