Canadian National Railway (TSE:CNR) (NYSE:CNI) – Cormark increased their Q3 2018 earnings per share (EPS) estimates for Canadian National Railway in a report released on Tuesday, April 10th. Cormark analyst D. Tyerman now anticipates that the company will post earnings of $1.46 per share for the quarter, up from their previous forecast of $1.43. Cormark also issued estimates for Canadian National Railway’s Q4 2018 earnings at $1.42 EPS.
CNR has been the topic of several other reports. Royal Bank of Canada lowered their target price on Canadian National Railway from C$112.00 to C$105.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 6th. Desjardins lowered their target price on Canadian National Railway from C$116.00 to C$115.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. CIBC lifted their target price on Canadian National Railway from C$110.00 to C$116.00 in a research note on Thursday, January 4th. Raymond James Financial lowered their target price on Canadian National Railway from C$115.00 to C$110.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 24th. Finally, JPMorgan Chase lifted their target price on Canadian National Railway from C$103.00 to C$109.00 in a research note on Thursday, January 11th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$108.50.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Tuesday, January 23rd. The company reported C$1.20 EPS for the quarter, missing the consensus estimate of C$1.23 by C($0.03). The firm had revenue of C$3.29 billion for the quarter, compared to analyst estimates of C$3.29 billion. Canadian National Railway had a return on equity of 65.99% and a net margin of 79.48%.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 8th were paid a $0.455 dividend. The ex-dividend date of this dividend was Wednesday, March 7th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.41. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.93%.
In other Canadian National Railway news, Director James E. O’connor purchased 2,515 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were purchased at an average cost of C$79.51 per share, for a total transaction of C$199,967.65. Also, insider Sean Finn sold 15,425 shares of Canadian National Railway stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of C$98.21, for a total value of C$1,514,889.25.
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Canadian National Railway Company Profile
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.
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