FY2017 EPS Estimates for Canadian National Railway Cut by National Bank Financial (CNI)

Canadian National Railway (NYSE:CNI) (TSE:CNR) – Research analysts at National Bank Financial cut their FY2017 earnings per share estimates for Canadian National Railway in a research report issued to clients and investors on Tuesday. National Bank Financial analyst C. Doerksen now expects that the transportation company will earn $3.92 per share for the year, down from their prior forecast of $4.02. National Bank Financial also issued estimates for Canadian National Railway’s Q4 2017 earnings at $0.95 EPS, Q1 2018 earnings at $0.97 EPS, Q2 2018 earnings at $1.10 EPS, Q3 2018 earnings at $1.09 EPS, Q4 2018 earnings at $1.12 EPS, FY2018 earnings at $4.27 EPS and FY2019 earnings at $4.64 EPS.

Several other research analysts have also recently weighed in on CNI. Zacks Investment Research cut Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday. Royal Bank of Canada restated an “outperform” rating on shares of Canadian National Railway in a research note on Wednesday, October 25th. TD Securities upgraded Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. They noted that the move was a valuation call. Stifel Nicolaus restated a “hold” rating and issued a $89.00 price target on shares of Canadian National Railway in a research note on Friday, October 6th. Finally, Cowen restated a “buy” rating and issued a $83.00 price target on shares of Canadian National Railway in a research note on Sunday, September 24th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $79.67.

Canadian National Railway (NYSE CNI) opened at $80.93 on Thursday. Canadian National Railway has a one year low of $66.58 and a one year high of $84.48. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $60,001.36, a price-to-earnings ratio of 20.83, a PEG ratio of 2.18 and a beta of 1.09.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be issued a $0.3304 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.32 annualized dividend and a dividend yield of 1.63%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.33. Canadian National Railway’s payout ratio is presently 33.33%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Hall Laurie J Trustee grew its holdings in shares of Canadian National Railway by 4.1% in the second quarter. Hall Laurie J Trustee now owns 1,275 shares of the transportation company’s stock worth $103,000 after acquiring an additional 50 shares during the period. Bronfman E.L. Rothschild L.P. grew its holdings in Canadian National Railway by 0.9% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,416 shares of the transportation company’s stock valued at $115,000 after purchasing an additional 12 shares during the period. Proficio Capital Partners LLC grew its holdings in Canadian National Railway by 0.8% during the second quarter. Proficio Capital Partners LLC now owns 1,783 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 15 shares during the period. Nikko Asset Management Americas Inc. bought a new stake in Canadian National Railway during the second quarter valued at about $146,000. Finally, Security National Bank of SO Dak bought a new stake in Canadian National Railway during the third quarter valued at about $203,000. 53.83% of the stock is owned by institutional investors.

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About Canadian National Railway

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.

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

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