Canadian National Railway (NYSE:CNI) (TSE:CNR) – Stock analysts at Desjardins cut their Q4 2019 earnings per share estimates for Canadian National Railway in a report released on Wednesday, December 4th. Desjardins analyst B. Poirier now forecasts that the transportation company will earn $0.85 per share for the quarter, down from their previous estimate of $1.11.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.39. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.87 billion. Canadian National Railway had a return on equity of 24.36% and a net margin of 29.62%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $1.50 EPS.
Other equities analysts have also issued research reports about the company. Cowen reiterated a “buy” rating and issued a $98.00 target price on shares of Canadian National Railway in a research note on Tuesday, December 3rd. Raymond James cut shares of Canadian National Railway from an “outperform” rating to a “hold” rating in a report on Friday, September 13th. Zacks Investment Research downgraded shares of Canadian National Railway from a “hold” rating to a “sell” rating and set a $99.00 price objective on the stock. in a research report on Thursday, November 7th. Wells Fargo & Co started coverage on shares of Canadian National Railway in a research note on Monday, October 28th. They set a “market perform” rating and a $88.00 price objective for the company. Finally, Bank of America upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $94.00 to $100.00 in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $102.17.
Shares of NYSE CNI opened at $89.70 on Friday. Canadian National Railway has a 1-year low of $70.36 and a 1-year high of $96.49. The business has a fifty day moving average price of $91.04 and a 200 day moving average price of $91.34. The stock has a market capitalization of $64.36 billion, a P/E ratio of 21.56, a price-to-earnings-growth ratio of 2.04 and a beta of 1.01. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.71 and a quick ratio of 0.57.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.406 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.81%. Canadian National Railway’s payout ratio is 39.18%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Man Group plc boosted its stake in Canadian National Railway by 80.5% in the 3rd quarter. Man Group plc now owns 361,058 shares of the transportation company’s stock worth $32,441,000 after purchasing an additional 160,989 shares in the last quarter. Voloridge Investment Management LLC increased its stake in Canadian National Railway by 11.6% during the 3rd quarter. Voloridge Investment Management LLC now owns 64,067 shares of the transportation company’s stock valued at $5,757,000 after purchasing an additional 6,659 shares in the last quarter. National Pension Service increased its stake in Canadian National Railway by 4.9% during the 3rd quarter. National Pension Service now owns 971,842 shares of the transportation company’s stock valued at $115,610,000 after purchasing an additional 45,531 shares in the last quarter. Banco de Sabadell S.A purchased a new position in shares of Canadian National Railway in the third quarter worth $1,604,000. Finally, Chilton Investment Co. LLC lifted its stake in shares of Canadian National Railway by 11.7% during the third quarter. Chilton Investment Co. LLC now owns 32,214 shares of the transportation company’s stock worth $2,895,000 after buying an additional 3,374 shares during the period. Hedge funds and other institutional investors own 53.11% of the company’s stock.
Canadian National Railway Company Profile
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.
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