Canadian National Railway (NYSE:CNI) (TSE:CNR) – Equities research analysts at Seaport Global Securities lifted their FY2019 earnings per share (EPS) estimates for shares of Canadian National Railway in a report issued on Wednesday, July 24th, according to Zacks Investment Research. Seaport Global Securities analyst M. Levin now forecasts that the transportation company will post earnings per share of $4.76 for the year, up from their prior forecast of $4.63. Seaport Global Securities also issued estimates for Canadian National Railway’s FY2020 earnings at $5.29 EPS and FY2021 earnings at $5.86 EPS.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.47. Canadian National Railway had a net margin of 29.50% and a return on equity of 24.15%. The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.94 billion. During the same period in the previous year, the business posted $1.51 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year.
CNI has been the topic of a number of other reports. Stifel Nicolaus boosted their price target on shares of Canadian National Railway from $87.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. ValuEngine lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Thursday. Credit Suisse Group upped their target price on shares of Canadian National Railway from $101.00 to $104.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Royal Bank of Canada lowered shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating and set a $92.00 target price on the stock. in a research report on Tuesday, April 30th. Finally, Stephens upped their target price on shares of Canadian National Railway from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Canadian National Railway currently has a consensus rating of “Hold” and an average target price of $98.78.
Shares of Canadian National Railway stock traded down $0.44 on Friday, reaching $93.03. 735,336 shares of the stock were exchanged, compared to its average volume of 818,499. Canadian National Railway has a 1-year low of $70.36 and a 1-year high of $96.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.69 and a quick ratio of 0.54. The stock’s fifty day simple moving average is $93.24. The firm has a market capitalization of $67.36 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 1.84 and a beta of 1.03.
Institutional investors and hedge funds have recently modified their holdings of the business. Comerica Securities Inc. grew its stake in shares of Canadian National Railway by 430.0% during the fourth quarter. Comerica Securities Inc. now owns 70,924 shares of the transportation company’s stock valued at $5,256,000 after buying an additional 57,542 shares during the last quarter. BlackRock Inc. grew its stake in shares of Canadian National Railway by 7.4% during the fourth quarter. BlackRock Inc. now owns 224,531 shares of the transportation company’s stock valued at $16,640,000 after buying an additional 15,547 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Canadian National Railway by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 361,358 shares of the transportation company’s stock valued at $26,780,000 after buying an additional 13,759 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Canadian National Railway by 27.7% during the fourth quarter. Geode Capital Management LLC now owns 14,905 shares of the transportation company’s stock valued at $1,104,000 after buying an additional 3,237 shares during the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of Canadian National Railway by 46.8% during the fourth quarter. Two Sigma Advisers LP now owns 78,172 shares of the transportation company’s stock valued at $5,795,000 after buying an additional 24,911 shares during the last quarter. Institutional investors own 54.54% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 9th will be given a dividend of $0.411 per share. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 1.77%. The ex-dividend date is Friday, September 6th. Canadian National Railway’s dividend payout ratio is presently 38.94%.
About Canadian National Railway
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.