Q2 2017 EPS Estimates for Canadian National Railway Company (CNR) Boosted by Analyst

Canadian National Railway Company (TSE:CNR) (NYSE:CNI) – Stock analysts at Desjardins boosted their Q2 2017 earnings per share (EPS) estimates for shares of Canadian National Railway Company in a report released on Thursday. Desjardins analyst B. Poirier now expects that the company will post earnings per share of $1.29 for the quarter, up from their prior forecast of $1.23. Desjardins also issued estimates for Canadian National Railway Company’s Q3 2017 earnings at $1.39 EPS, Q4 2017 earnings at $1.27 EPS, FY2017 earnings at $5.09 EPS, FY2018 earnings at $5.47 EPS and FY2019 earnings at $6.09 EPS.

Other equities analysts have also issued research reports about the stock. National Bank Financial lifted their target price on shares of Canadian National Railway Company from C$94.00 to C$101.00 in a report on Tuesday, April 25th. Raymond James Financial, Inc. lifted their target price on shares of Canadian National Railway Company from C$112.00 to C$115.00 and gave the company an “outperform” rating in a report on Friday. Scotiabank lifted their target price on shares of Canadian National Railway Company from C$110.00 to C$115.00 and gave the company an “outperform” rating in a report on Thursday. BMO Capital Markets lifted their target price on shares of Canadian National Railway Company from C$105.00 to C$108.00 and gave the company an “outperform” rating in a report on Tuesday, April 25th. Finally, CIBC lifted their target price on shares of Canadian National Railway Company from C$100.00 to C$105.00 in a report on Tuesday, April 25th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of C$102.42.

Earnings History and Estimates for Canadian National Railway Company (TSE:CNR)

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Canadian National Railway Company (TSE:CNR) opened at 107.57 on Friday. The company has a 50-day moving average price of $103.32 and a 200 day moving average price of $96.40. The stock has a market cap of $81.33 billion and a price-to-earnings ratio of 22.25. Canadian National Railway Company has a 12-month low of $72.78 and a 12-month high of $108.21.

In other news, insider Jean-Jacques Ruest sold 15,417 shares of the business’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of C$95.94, for a total value of C$1,479,106.98. Also, insider Sean Finn sold 2,841 shares of the business’s stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of C$98.82, for a total transaction of C$280,747.62. Insiders have sold a total of 50,390 shares of company stock worth $5,060,493 in the last ninety days.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 9th will be paid a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a yield of 1.53%. The ex-dividend date is Wednesday, June 7th.

Canadian National Railway Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:CNR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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