Canadian National Railway (NYSE:CNI) (TSE:CNR) – Equities research analysts at Desjardins lowered their Q4 2019 earnings per share estimates for Canadian National Railway in a report released on Wednesday, December 4th. Desjardins analyst B. Poirier now anticipates that the transportation company will post earnings per share of $0.85 for the quarter, down from their prior estimate of $1.11.
CNI has been the subject of several other reports. Raymond James downgraded Canadian National Railway from an “outperform” rating to a “hold” rating in a report on Friday, September 13th. BMO Capital Markets raised Canadian National Railway from a “market perform” rating to an “outperform” rating in a research report on Friday, November 1st. Zacks Investment Research lowered Canadian National Railway from a “hold” rating to a “sell” rating and set a $99.00 target price for the company. in a research note on Thursday, November 7th. Royal Bank of Canada set a $137.00 target price on Canadian National Railway and gave the company a “hold” rating in a research note on Friday, September 13th. Finally, CIBC reiterated a “hold” rating and set a $119.00 target price on shares of Canadian National Railway in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. Canadian National Railway currently has a consensus rating of “Hold” and an average price target of $102.17.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.39. The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.87 billion. Canadian National Railway had a net margin of 29.62% and a return on equity of 24.36%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.50 earnings per share.
Institutional investors and hedge funds have recently modified their holdings of the stock. Prime Capital Investment Advisors LLC acquired a new stake in Canadian National Railway during the second quarter worth about $34,000. Moneta Group Investment Advisors LLC increased its position in Canadian National Railway by 1,676.8% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 5,366 shares of the transportation company’s stock worth $37,000 after purchasing an additional 5,064 shares in the last quarter. CWM LLC raised its holdings in Canadian National Railway by 96.0% in the second quarter. CWM LLC now owns 437 shares of the transportation company’s stock valued at $40,000 after buying an additional 214 shares during the period. Griffin Asset Management Inc. purchased a new position in Canadian National Railway in the second quarter valued at approximately $46,000. Finally, Patriot Financial Group Insurance Agency LLC lifted its position in Canadian National Railway by 45.2% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 572 shares of the transportation company’s stock valued at $51,000 after buying an additional 178 shares in the last quarter. 53.11% of the stock is currently owned by institutional investors and hedge funds.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be issued a dividend of $0.406 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.81%. Canadian National Railway’s payout ratio is 39.18%.
Canadian National Railway Company Profile
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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