Canadian National Railway Co. (NYSE:CNI) – Analysts at Avondale Partners issued their Q3 2016 earnings per share estimates for Canadian National Railway in a research report issued to clients and investors on Tuesday. Avondale Partners analyst D. Broughton expects that the firm will earn $0.87 per share for the quarter.
CNI has been the subject of a number of other research reports. Citigroup Inc. upped their price target on Canadian National Railway from $61.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 13th. Vertical Research initiated coverage on Canadian National Railway in a research report on Tuesday. They set a “hold” rating for the company. Loop Capital initiated coverage on Canadian National Railway in a research report on Monday, September 26th. They set a “hold” rating and a $64.00 price target for the company. Scotiabank reaffirmed a “sector perform” rating and set a $87.00 price target on shares of Canadian National Railway in a research report on Sunday, October 2nd. Finally, TD Securities reaffirmed a “hold” rating and set a $90.00 price target on shares of Canadian National Railway in a research report on Saturday, October 8th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $74.16.
Canadian National Railway (NYSE:CNI) opened at 66.49 on Thursday. The company has a market cap of $51.30 billion, a price-to-earnings ratio of 19.37 and a beta of 1.10. Canadian National Railway has a 12 month low of $46.23 and a 12 month high of $67.66. The company’s 50-day moving average is $64.65 and its 200-day moving average is $62.05.
Canadian National Railway (NYSE:CNI) last announced its earnings results on Monday, July 25th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.02. Canadian National Railway had a net margin of 29.55% and a return on equity of 24.13%. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter in the previous year, the firm posted $1.15 earnings per share. Canadian National Railway’s revenue was down 9.1% compared to the same quarter last year.
The firm also recently announced a dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were given a $0.288 dividend. The ex-dividend date was Wednesday, September 7th. Canadian National Railway’s dividend payout ratio is presently 33.43%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CNI. Mackenzie Financial Corp acquired a new position in Canadian National Railway during the second quarter worth about $259,302,000. Emerald Acquisition Ltd. purchased a new stake in shares of Canadian National Railway during the second quarter worth approximately $218,816,000. FMR LLC raised its stake in shares of Canadian National Railway by 16.3% in the second quarter. FMR LLC now owns 13,107,827 shares of the company’s stock worth $774,020,000 after buying an additional 1,839,225 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Canadian National Railway by 6.2% in the first quarter. Wellington Management Group LLP now owns 28,070,677 shares of the company’s stock worth $1,758,987,000 after buying an additional 1,639,473 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Canadian National Railway by 11.7% in the second quarter. Vanguard Group Inc. now owns 13,341,784 shares of the company’s stock worth $787,965,000 after buying an additional 1,395,732 shares during the last quarter. Hedge funds and other institutional investors own 56.06% of the company’s stock.
About Canadian National Railway
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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