Canadian National Railway (NYSE:CNI) (TSE:CNR) – Analysts at Desjardins issued their Q1 2018 earnings per share estimates for shares of Canadian National Railway in a research report issued on Wednesday. Desjardins analyst B. Poirier expects that the transportation company will earn $0.85 per share for the quarter. Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for Canadian National Railway’s Q2 2018 earnings at $1.11 EPS, Q3 2018 earnings at $1.14 EPS, Q4 2018 earnings at $1.14 EPS and FY2020 earnings at $5.38 EPS.

Other equities research analysts also recently issued research reports about the company. Credit Suisse Group lowered their price target on Canadian National Railway from $85.00 to $83.00 and set a “neutral” rating for the company in a report on Wednesday. Zacks Investment Research downgraded Canadian National Railway from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Raymond James Financial downgraded Canadian National Railway from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $89.00 target price on shares of Canadian National Railway in a report on Friday, October 6th. Finally, TD Securities raised Canadian National Railway from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $81.38.

Shares of Canadian National Railway (CNI) opened at $78.50 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.55 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $59,344.79, a PE ratio of 20.55, a price-to-earnings-growth ratio of 1.97 and a beta of 1.09. Canadian National Railway has a twelve month low of $68.27 and a twelve month high of $85.73.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, October 24th. The transportation company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The business had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.62 billion. Canadian National Railway had a return on equity of 24.62% and a net margin of 42.25%.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 8th will be given a $0.3665 dividend. The ex-dividend date of this dividend is Wednesday, March 7th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.33. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.87%. Canadian National Railway’s payout ratio is 23.23%.

Canadian National Railway announced that its Board of Directors has initiated a share buyback program on Tuesday, October 24th that permits the company to repurchase 31,000,000 outstanding shares. This repurchase authorization permits the transportation company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Several institutional investors have recently bought and sold shares of the company. Hall Laurie J Trustee increased its position in shares of Canadian National Railway by 4.1% in the second quarter. Hall Laurie J Trustee now owns 1,275 shares of the transportation company’s stock valued at $103,000 after buying an additional 50 shares in the last quarter. Suntrust Banks Inc. increased its position in shares of Canadian National Railway by 0.6% in the second quarter. Suntrust Banks Inc. now owns 8,385 shares of the transportation company’s stock valued at $679,000 after buying an additional 52 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of Canadian National Railway by 4.9% in the second quarter. Sterling Capital Management LLC now owns 3,555 shares of the transportation company’s stock valued at $288,000 after buying an additional 166 shares in the last quarter. YorkBridge Wealth Partners LLC increased its position in shares of Canadian National Railway by 10.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,413 shares of the transportation company’s stock valued at $280,000 after buying an additional 314 shares in the last quarter. Finally, Carret Asset Management LLC boosted its stake in shares of Canadian National Railway by 0.5% in the second quarter. Carret Asset Management LLC now owns 78,009 shares of the transportation company’s stock worth $6,323,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 53.42% of the company’s stock.

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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.

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

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