CLSA Comments on Canadian National Railway Company’s FY2017 Earnings (CNR)

CLSA Comments on Canadian National Railway Company’s FY2017 Earnings (CNR)

Canadian National Railway Company (TSE:CNR) (NYSE:CNI) – Investment analysts at CLSA raised their FY2017 earnings estimates for Canadian National Railway Company in a note issued to investors on Tuesday. CLSA analyst D. Lipschitz now forecasts that the brokerage will post earnings of $5.00 per share for the year, up from their prior forecast of $4.92. CLSA also issued estimates for Canadian National Railway Company’s FY2018 earnings at $5.30 EPS.

Several other brokerages have also recently commented on CNR. Royal Bank Of Canada boosted their target price on Canadian National Railway Company from C$100.00 to C$102.00 and gave the stock an “outperform” rating in a report on Wednesday. CIBC boosted their target price on Canadian National Railway Company from C$89.00 to C$90.00 in a report on Wednesday, October 26th. TD Securities reissued a “hold” rating and set a C$90.00 target price on shares of Canadian National Railway Company in a report on Friday, October 7th. BMO Capital Markets boosted their target price on Canadian National Railway Company from C$90.00 to C$92.00 and gave the stock an “outperform” rating in a report on Wednesday, October 26th. Finally, RBC Capital Markets boosted their target price on Canadian National Railway Company from C$100.00 to C$102.00 and gave the stock an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Canadian National Railway Company presently has a consensus rating of “Hold” and an average target price of C$94.39.

Canadian National Railway Company (TSE:CNR) opened at 91.91 on Thursday. The stock has a market cap of $70.04 billion and a price-to-earnings ratio of 19.68. Canadian National Railway Company has a 52 week low of $72.07 and a 52 week high of $93.93. The firm’s 50 day moving average price is $91.52 and its 200-day moving average price is $86.41.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 10th will be given a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a yield of 1.80%. This is a boost from Canadian National Railway Company’s previous quarterly dividend of $0.38.

About Canadian National Railway Company

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. The Company’s freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.

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