Canadian National Railway (NYSE:CNI) (TSE:CNR) – Seaport Global Securities dropped their Q1 2019 EPS estimates for Canadian National Railway in a report released on Wednesday, March 27th. Seaport Global Securities analyst M. Levin now forecasts that the transportation company will post earnings of $0.89 per share for the quarter, down from their previous forecast of $0.96. Seaport Global Securities also issued estimates for Canadian National Railway’s Q4 2019 earnings at $1.24 EPS and FY2021 earnings at $5.81 EPS.

CNI has been the topic of several other research reports. Deutsche Bank boosted their price target on shares of Canadian National Railway from $96.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, December 3rd. Barclays reiterated a “hold” rating and issued a $86.00 price target on shares of Canadian National Railway in a research note on Thursday, January 17th. BMO Capital Markets reiterated a “hold” rating on shares of Canadian National Railway in a research note on Sunday, December 16th. Stephens raised Canadian National Railway from an “equal weight” rating to an “overweight” rating in a report on Thursday, January 3rd. Finally, Macquarie downgraded Canadian National Railway from an “outperform” rating to a “neutral” rating in a report on Wednesday, January 30th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Canadian National Railway presently has an average rating of “Hold” and a consensus target price of $92.16.

NYSE:CNI opened at $88.01 on Thursday. The company has a market cap of $63.43 billion, a PE ratio of 21.16, a PEG ratio of 1.77 and a beta of 1.07. The company has a quick ratio of 0.62, a current ratio of 0.78 and a debt-to-equity ratio of 0.65. Canadian National Railway has a 1-year low of $70.36 and a 1-year high of $91.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, January 29th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.38. Canadian National Railway had a net margin of 30.19% and a return on equity of 23.28%. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter last year, the firm posted $1.20 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis.

Institutional investors have recently made changes to their positions in the company. One Wealth Advisors LLC raised its position in Canadian National Railway by 4.6% during the fourth quarter. One Wealth Advisors LLC now owns 3,424 shares of the transportation company’s stock valued at $254,000 after buying an additional 151 shares during the period. Commonwealth Bank of Australia boosted its stake in Canadian National Railway by 7.7% during the 4th quarter. Commonwealth Bank of Australia now owns 77,514 shares of the transportation company’s stock valued at $5,741,000 after purchasing an additional 5,547 shares during the period. Congress Asset Management Co. MA lifted its position in shares of Canadian National Railway by 0.3% in the 4th quarter. Congress Asset Management Co. MA now owns 672,965 shares of the transportation company’s stock worth $49,873,000 after acquiring an additional 2,216 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Canadian National Railway by 149.2% in the 4th quarter. Quadrant Capital Group LLC now owns 7,749 shares of the transportation company’s stock worth $559,000 after acquiring an additional 4,640 shares during the period. Finally, Financial Counselors Inc. lifted its position in shares of Canadian National Railway by 21.0% in the 4th quarter. Financial Counselors Inc. now owns 11,518 shares of the transportation company’s stock worth $854,000 after acquiring an additional 2,000 shares during the period. Institutional investors and hedge funds own 55.05% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 8th will be given a dividend of $0.4026 per share. This represents a $1.61 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, March 7th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.35. Canadian National Railway’s payout ratio is 38.46%.

About Canadian National Railway

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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

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