Canadian National Railway (TSE:CNR) (NYSE:CNI) – Analysts at National Bank Financial cut their Q1 2018 EPS estimates for Canadian National Railway in a research report issued on Monday. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings of $0.97 per share for the quarter, down from their prior estimate of $1.15. National Bank Financial has a “Sector Perform” rating and a $103.00 price objective on the stock. National Bank Financial also issued estimates for Canadian National Railway’s Q2 2018 earnings at $1.29 EPS, FY2018 earnings at $5.07 EPS and FY2019 earnings at $5.74 EPS.

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Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported C$1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.23 by C($0.03). The company had revenue of C$3.29 billion during the quarter, compared to analysts’ expectations of C$3.29 billion. Canadian National Railway had a net margin of 79.48% and a return on equity of 65.99%.

A number of other equities research analysts have also issued reports on CNR. TD Securities upgraded Canadian National Railway from a “hold” rating to a “buy” rating and upped their price target for the company from C$110.00 to C$115.00 in a research report on Thursday, November 30th. CIBC upped their price target on Canadian National Railway from C$110.00 to C$116.00 in a research report on Thursday, January 4th. JPMorgan Chase & Co. increased their price objective on Canadian National Railway from C$103.00 to C$109.00 in a research report on Thursday, January 11th. Raymond James Financial lowered their price objective on Canadian National Railway from C$115.00 to C$110.00 and set a “market perform” rating for the company in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada lowered their price objective on Canadian National Railway from C$115.00 to C$112.00 and set an “outperform” rating for the company in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Canadian National Railway presently has a consensus rating of “Buy” and an average target price of C$108.80.

Shares of CNR stock opened at C$92.93 on Wednesday. The stock has a market capitalization of $71,450.00, a P/E ratio of 12.78 and a beta of 0.58. Canadian National Railway has a 52-week low of C$92.93 and a 52-week high of C$108.64.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 8th will be given a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 1.96%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Wednesday, March 7th. Canadian National Railway’s dividend payout ratio is presently 22.70%.

In other news, insider Scott Daniels purchased 1,000 shares of the stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of C$94.35 per share, for a total transaction of C$94,350.00. Also, Director James E. O’connor purchased 2,515 shares of the stock in a transaction dated Thursday, January 25th. The shares were purchased at an average price of C$79.51 per share, with a total value of C$199,967.65.

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About Canadian National Railway

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 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 (TSE:CNR)

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