Q3 2021 EPS Estimates for Canadian National Railway Cut by Analyst (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Analysts at National Bank Financial reduced their Q3 2021 earnings estimates for Canadian National Railway in a research note issued to investors on Wednesday, September 15th. National Bank Financial analyst C. Doerksen now expects that the company will earn $1.36 per share for the quarter, down from their prior estimate of $1.53. National Bank Financial currently has a “Sector Perform” rating and a $144.00 target price on the stock. National Bank Financial also issued estimates for Canadian National Railway’s FY2021 earnings at $5.62 EPS and FY2022 earnings at $6.54 EPS.

Other analysts have also issued research reports about the stock. Scotiabank increased their price target on shares of Canadian National Railway from C$145.00 to C$158.00 in a research report on Wednesday, September 1st. Credit Suisse Group upgraded Canadian National Railway to an “outperform” rating and set a C$121.00 price objective for the company in a research report on Wednesday, June 30th. CIBC reaffirmed an “outperform” rating on shares of Canadian National Railway in a research note on Wednesday, September 8th. Loop Capital lowered shares of Canadian National Railway to a “hold” rating and set a C$157.00 price target on the stock. in a report on Wednesday, September 1st. Finally, Citigroup raised shares of Canadian National Railway to a “buy” rating and set a C$140.00 price target on the stock in a report on Wednesday, September 1st. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$143.87.

Shares of TSE:CNR opened at C$146.85 on Friday. The company has a debt-to-equity ratio of 69.32, a current ratio of 0.93 and a quick ratio of 0.48. Canadian National Railway has a 1 year low of C$125.00 and a 1 year high of C$161.15. The company has a market capitalization of C$104.11 billion and a P/E ratio of 26.04. The business’s 50 day simple moving average is C$138.93 and its 200 day simple moving average is C$138.07.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its earnings results on Tuesday, July 20th. The company reported C$1.49 earnings per share for the quarter, hitting the Zacks’ consensus estimate of C$1.49. The firm had revenue of C$3.60 billion for the quarter, compared to the consensus estimate of C$3.68 billion.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 29th. Investors of record on Wednesday, September 8th will be paid a $0.615 dividend. The ex-dividend date of this dividend is Tuesday, September 7th. This represents a $2.46 annualized dividend and a dividend yield of 1.68%. Canadian National Railway’s dividend payout ratio is 42.20%.

In related news, insider Cascade Investment, L.L.C. sold 1,046,172 shares of the business’s stock in a transaction on Friday, September 3rd. The shares were sold at an average price of C$168.19, for a total value of C$175,960,548.03. Following the transaction, the insider now owns 75,900,145 shares in the company, valued at C$12,765,999,385.83. Also, insider Iii Gates William Henry sold 129,365 shares of the company’s stock in a transaction dated 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 owns 13,777,918 shares in the company, valued at approximately C$2,133,805,119.08. In the last three months, insiders sold 4,808,879 shares of company stock worth $781,510,154.

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

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