Q3 2021 EPS Estimates for Canadian National Railway Lowered by Analyst (NYSE:CNI)

Canadian National Railway (NYSE:CNI) (TSE:CNR) – Investment analysts at National Bank Financial cut their Q3 2021 earnings per share (EPS) estimates for Canadian National Railway in a research note issued on Wednesday, September 15th. National Bank Financial analyst C. Doerksen now expects that the transportation company will post earnings of $1.07 per share for the quarter, down from their previous forecast of $1.21. National Bank Financial has a “Sector Perform” rating and a $139.00 price target on the stock. National Bank Financial also issued estimates for Canadian National Railway’s Q4 2021 earnings at $1.22 EPS, FY2021 earnings at $4.44 EPS and FY2022 earnings at $5.17 EPS.

A number of other analysts also recently issued reports on CNI. Loop Capital downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating and set a $157.00 price target on the stock. in a report on Wednesday, September 1st. Scotiabank raised shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 27th. TheStreet raised shares of Canadian National Railway from a “c+” rating to a “b” rating in a report on Wednesday, July 21st. Wells Fargo & Company dropped their price objective on shares of Canadian National Railway from $120.00 to $119.00 and set an “equal weight” rating on the stock in a report on Friday, July 9th. Finally, CIBC raised their price objective on shares of Canadian National Railway from C$158.00 to C$170.00 and gave the stock an “outperform” rating in a report on Tuesday, September 7th. Eleven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $137.35.

Shares of NYSE CNI opened at $115.80 on Friday. The firm’s 50-day moving average price is $110.32 and its 200-day moving average price is $110.94. The company has a quick ratio of 0.76, a current ratio of 0.93 and a debt-to-equity ratio of 0.60. The company has a market cap of $82.10 billion, a PE ratio of 26.26, a PEG ratio of 3.18 and a beta of 0.81. Canadian National Railway has a 52-week low of $98.69 and a 52-week high of $128.41.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Monday, July 19th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.01. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.63 billion. Canadian National Railway had a net margin of 28.27% and a return on equity of 20.00%. Canadian National Railway’s revenue was up 12.1% compared to the same quarter last year. During the same period last year, the business earned $1.28 EPS.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sageworth Trust Co bought a new position in Canadian National Railway during the first quarter valued at $29,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in Canadian National Railway by 1,250.0% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 324 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 300 shares during the last quarter. Logan Capital Management Inc. bought a new position in Canadian National Railway during the first quarter valued at $38,000. Exchange Traded Concepts LLC bought a new position in Canadian National Railway during the second quarter valued at $39,000. Finally, Ancora Advisors LLC increased its position in Canadian National Railway by 338.0% during the second quarter. Ancora Advisors LLC now owns 438 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 338 shares during the last quarter. Institutional investors own 56.45% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 29th. Investors of record on Wednesday, September 8th will be given a $0.4827 dividend. This represents a $1.93 annualized dividend and a yield of 1.67%. The ex-dividend date is Tuesday, September 7th. Canadian National Railway’s dividend payout ratio is presently 48.99%.

Canadian National Railway Company Profile

Canadian National Railway Co engages in rail and related transportation business. The firm’s services include rail, intermodal, trucking, supply chain services, business development and maps and network. It offers their services in automotive, coal, fertilizer, food and beverages, forest products, dimensional loads, grain, metals and minerals and petroleum and chemicals industries.

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

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