Canadian National Railway Company Expected to Post FY2016 Earnings of $4.52 Per Share (CNR)
Canadian National Railway Company (TSE:CNR) – Research analysts at Raymond James Financial boosted their FY2016 EPS estimates for shares of Canadian National Railway Company in a research report issued on Monday. Raymond James Financial analyst S. Hansen now expects that the firm will earn $4.52 per share for the year, up from their previous forecast of $4.50. Raymond James Financial has a “Market Perform” rating and a $94.00 price objective on the stock. Raymond James Financial also issued estimates for Canadian National Railway Company’s Q4 2016 earnings at $1.17 EPS, Q1 2017 earnings at $1.07 EPS, Q2 2017 earnings at $1.30 EPS, Q3 2017 earnings at $1.35 EPS, Q4 2017 earnings at $1.27 EPS, FY2017 earnings at $5.00 EPS and FY2018 earnings at $5.55 EPS.
Other equities analysts also recently issued reports about the company. CIBC increased their target price on Canadian National Railway Company from C$84.00 to C$86.00 in a research report on Tuesday, July 26th. Barclays PLC increased their target price on Canadian National Railway Company from C$85.00 to C$89.00 in a research report on Monday, September 12th. BMO Capital Markets reiterated an “outperform” rating and set a C$90.00 target price on shares of Canadian National Railway Company in a research report on Tuesday, July 26th. Desjardins reiterated a “hold” rating and set a C$86.00 target price on shares of Canadian National Railway Company in a research report on Tuesday, July 26th. Finally, JPMorgan Chase & Co. increased their target price on Canadian National Railway Company from C$87.00 to C$90.00 in a research report on Thursday, October 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of C$87.65.
Shares of Canadian National Railway Company (TSE:CNR) traded up 1.05% during trading on Tuesday, hitting $87.97. 436,682 shares of the stock traded hands. Canadian National Railway Company has a 12 month low of $66.62 and a 12 month high of $89.40. The firm has a market cap of $67.88 billion and a price-to-earnings ratio of 19.39. The company has a 50 day moving average price of $84.89 and a 200 day moving average price of $80.62.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.50 dividend on an annualized basis and a yield of 1.72%.
Canadian National Railway Company 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.
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