FY2018 EPS Estimates for Canadian National Railway Company Increased by Desjardins (CNR)
Canadian National Railway Company (TSE:CNR) (NYSE:CNI) – Equities researchers at Desjardins lifted their FY2018 earnings per share (EPS) estimates for shares of Canadian National Railway in a report issued on Wednesday. Desjardins analyst B. Poirier now expects that the company will earn $5.45 per share for the year, up from their prior forecast of $5.43. Desjardins currently has a “Buy” rating on the stock. Desjardins also issued estimates for Canadian National Railway’s FY2020 earnings at $6.79 EPS.
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 analysts’ consensus estimates 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 company had revenue of C$3.33 billion during the quarter, compared to analyst estimates of C$3.22 billion.
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CNR has been the subject of several other research reports. Scotiabank lowered their target price on shares of Canadian National Railway from C$115.00 to C$113.00 and set an “outperform” rating for the company in a research note on Wednesday. Royal Bank Of Canada lowered their target price on shares of Canadian National Railway from C$114.00 to C$113.00 and set an “outperform” rating for the company in a research note on Wednesday. CIBC lowered their target price 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 reaffirmed an “outperform” rating and set a C$111.00 target price on shares of Canadian National Railway in a research note on Wednesday. Finally, Raymond James Financial, Inc. lowered shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and set a C$115.00 target price for the company. in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of C$107.60.
Shares of Canadian National Railway (TSE CNR) traded down 0.31% during midday trading on Thursday, reaching $104.22. 1,281,574 shares of the company were exchanged. The firm has a market capitalization of $78.27 billion and a P/E ratio of 20.50. The firm has a 50-day moving average of $101.24 and a 200 day moving average of $102.17. Canadian National Railway has a 52 week low of $82.85 and a 52 week high of $108.64.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be paid a $0.4125 dividend. This represents a $1.65 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, December 7th.
In other news, insider Michael A. Cory sold 250 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of C$100.44, for a total value of C$25,110.00. Also, insider Sean Finn sold 11,500 shares of the firm’s stock in a transaction that occurred on 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. In the last three months, insiders sold 54,382 shares of company stock valued at $4,870,014.
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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