Canadian National Railway (TSE:CNR) (NYSE:CNI) – Analysts at National Bank Financial decreased their Q4 2021 earnings estimates for shares of Canadian National Railway in a research note issued on Wednesday, September 15th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $1.54 per share for the quarter, down from their previous forecast of $1.66. National Bank Financial currently has a “Sector Perform” rating and a $144.00 price target on the stock.
Other analysts have also issued reports about the company. TD Securities raised Canadian National Railway from a “hold” rating to a “buy” rating and boosted their target price for the company from C$165.00 to C$175.00 in a research report on Monday. Citigroup upgraded Canadian National Railway to a “buy” rating and set a C$140.00 price objective on the stock in a research note on Wednesday, September 1st. National Bankshares upped their price objective on Canadian National Railway from C$139.00 to C$144.00 and gave the company a “sector perform” rating in a research note on Friday. BMO Capital Markets downgraded Canadian National Railway from an “outperform” rating to a “market perform” rating and upped their price objective for the company from C$150.00 to C$155.00 in a research note on Sunday. Finally, Credit Suisse Group upgraded Canadian National Railway to an “outperform” rating and set a C$121.00 price objective on the stock in a research note on Wednesday, June 30th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$147.53.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings data on Tuesday, July 20th. The company reported C$1.49 earnings per share for the quarter, hitting the consensus estimate of C$1.49. The firm had revenue of C$3.60 billion for the quarter, compared to analyst estimates of C$3.68 billion.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 29th. Investors of record on Wednesday, September 8th will be issued a $0.615 dividend. This represents a $2.46 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Tuesday, September 7th. Canadian National Railway’s dividend payout ratio is currently 42.20%.
In other Canadian National Railway news, insider Iii Gates William Henry sold 129,365 shares of Canadian National Railway stock in a transaction on Tuesday, August 31st. The shares were sold at an average price of C$154.87, for a total value of C$20,034,935.56. Following the sale, the insider now directly owns 13,777,918 shares in the company, valued at approximately C$2,133,805,119.08. Also, insider Cascade Investment, L.L.C. sold 1,046,172 shares of Canadian National Railway stock in a transaction on Friday, September 3rd. The shares were sold at an average price of C$168.19, for a total transaction of C$175,960,548.03. Following the completion of the sale, the insider now owns 75,900,145 shares in the company, valued at C$12,765,999,385.83. Insiders sold 6,177,795 shares of company stock worth $996,047,951 in the last 90 days.
About Canadian National Railway
Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. Its portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.
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