The Canadian National Railway Company Forecasted to Post FY2018 Earnings of $4.31 Per Share (CNI)

The Canadian National Railway Company Forecasted to Post FY2018 Earnings of $4.31 Per Share (CNI)

Canadian National Railway Company (NYSE:CNI) (TSE:CNR) – Stock analysts at Desjardins decreased their FY2018 earnings per share (EPS) estimates for shares of Canadian National Railway in a note issued to investors on Wednesday. Desjardins analyst B. Poirier now anticipates that the transportation company will post earnings of $4.31 per share for the year, down from their prior forecast of $4.34. Desjardins currently has a “Buy” rating on the stock. Desjardins also issued estimates for Canadian National Railway’s FY2020 earnings at $5.36 EPS.

Several other equities research analysts have also issued reports on CNI. Zacks Investment Research raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a report on Tuesday, July 11th. Credit Suisse Group reiterated a “neutral” rating and set a $84.00 target price (up from $78.00) on shares of Canadian National Railway in a research report on Thursday, July 13th. They noted that the move was a valuation call. BidaskClub downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Cowen and Company reiterated a “buy” rating and set a $83.00 target price on shares of Canadian National Railway in a research report on Sunday, September 24th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $89.00 target price on shares of Canadian National Railway in a research report on Friday, October 6th. Fourteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Canadian National Railway has a consensus rating of “Hold” and an average target price of $82.47.

Canadian National Railway (NYSE CNI) traded down 0.16% during mid-day trading on Thursday, reaching $81.31. 701,350 shares of the company were exchanged. The company’s 50 day moving average price is $81.55 and its 200-day moving average price is $79.19. Canadian National Railway has a 12-month low of $61.72 and a 12-month high of $84.48. The stock has a market capitalization of $61.06 billion, a price-to-earnings ratio of 19.44 and a beta of 1.13.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Hall Laurie J Trustee lifted its position in shares of Canadian National Railway by 4.1% during the 2nd quarter. Hall Laurie J Trustee now owns 1,275 shares of the transportation company’s stock valued at $103,000 after acquiring an additional 50 shares during the period. City Holding Co. lifted its position in shares of Canadian National Railway by 15.4% during the 2nd quarter. City Holding Co. now owns 1,313 shares of the transportation company’s stock valued at $106,000 after acquiring an additional 175 shares during the period. Bronfman E.L. Rothschild L.P. lifted its position in shares of Canadian National Railway by 0.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,416 shares of the transportation company’s stock valued at $115,000 after acquiring an additional 12 shares during the period. UBS Asset Management Americas Inc. acquired a new position in shares of Canadian National Railway during the 1st quarter valued at $123,000. Finally, Proficio Capital Partners LLC lifted its position in shares of Canadian National Railway by 151.9% during the 1st quarter. Proficio Capital Partners LLC now owns 1,768 shares of the transportation company’s stock valued at $135,000 after acquiring an additional 1,066 shares during the period. Hedge funds and other institutional investors own 54.25% of the company’s stock.

Canadian National Railway declared that its board has initiated a share buyback plan on Tuesday, October 24th that authorizes the company to buyback 31,000,000 outstanding shares. This buyback authorization authorizes the transportation company to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be given a $0.3304 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.62%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.33. Canadian National Railway’s payout ratio is 34.38%.

Canadian National Railway Company Profile

Canadian National Railway Company 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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