Canadian National Railway (CNR) to Post Q2 2019 Earnings of $1.68 Per Share, Raymond James Forecasts

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Raymond James dropped their Q2 2019 EPS estimates for shares of Canadian National Railway in a report released on Tuesday, April 30th, according to Zacks Investment Research. Raymond James analyst S. Hansen now expects that the company will post earnings of $1.68 per share for the quarter, down from their prior forecast of $1.70. Raymond James has a “Outperform” rating and a $135.00 price objective on the stock. Raymond James also issued estimates for Canadian National Railway’s Q3 2019 earnings at $1.72 EPS, Q4 2019 earnings at $1.64 EPS and FY2019 earnings at $6.21 EPS.

Other equities analysts have also recently issued research reports about the company. National Bank Financial increased their target price on Canadian National Railway from C$112.00 to C$126.00 and gave the company a “sector perform” rating in a report on Tuesday, April 30th. CIBC upped their price target on Canadian National Railway from C$119.00 to C$125.00 in a research report on Tuesday, April 30th. Desjardins lowered Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. BMO Capital Markets upped their price target on Canadian National Railway from C$116.00 to C$125.00 in a research report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. upped their price target on Canadian National Railway from C$116.00 to C$119.00 in a research report on Wednesday, January 30th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of C$126.80.

Shares of Canadian National Railway stock traded down C$1.03 during mid-day trading on Thursday, reaching C$126.35. 837,715 shares of the stock traded hands, compared to its average volume of 1,146,586. Canadian National Railway has a fifty-two week low of C$96.46 and a fifty-two week high of C$127.96. The stock has a market capitalization of $91.15 billion and a P/E ratio of 21.20. The company has a debt-to-equity ratio of 79.87, a current ratio of 0.75 and a quick ratio of 0.40.

In other news, Senior Officer Sean Finn sold 12,300 shares of the company’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of C$113.59, for a total value of C$1,397,166.84. Following the completion of the sale, the insider now directly owns 20,835 shares in the company, valued at C$2,366,664.32. Also, Senior Officer Kimberley A. Madigan sold 5,041 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of C$113.94, for a total value of C$574,392.29. Following the completion of the sale, the insider now owns 4,164 shares of the company’s stock, valued at C$474,463.30. Insiders sold 35,021 shares of company stock valued at $4,041,543 over the last 90 days.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a $0.538 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.54. This represents a $2.15 dividend on an annualized basis and a dividend yield of 1.70%. Canadian National Railway’s dividend payout ratio is 31.92%.

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.

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Earnings History and Estimates for Canadian National Railway (TSE:CNR)

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