Q2 2021 earnings estimate for the Canadian National Railway issued by National Bank Financial (TSE: CNR)
Canadian National Railway (TSE: CNR) (NYSE: CNI) – Investment analysts at National Bank Financial dropped their 2nd quarter 2021 EPS estimates for shares in Canadian National Railway in a report released Tuesday, March 30th calmly. National Bank financial analyst C. Doerksen now predicts the company will post earnings per share of $ 1.48 for the quarter, compared to its previous estimate of $ 1.49. National Bank Financial has a Sector Perform rating and a target price of $ 137.00 on the stock. National Bank Financial also announced estimates of Canadian National Railway’s fiscal 2021 earnings of $ 5.96 per share.
Other equity analysts have also published reports on the company. Scotiabank lowered its target price on the Canadian National Railway from C $ 144.00 to C $ 140.00 in a research report on Wednesday January 27th. Raymond James gave an “Outperform” rating on Wednesday, January 27th, and published a research report with a target price of $ 160.00 on shares of the Canadian National Railway. National Bankshares raised its target price for Canadian National Railway from C $ 137.00 to C $ 147.00 and rated the company as “Outperform” in a research report on Wednesday. Sanford C. Bernstein lowered its target price for the Canadian National Railway from C $ 168.00 to C $ 156.00 in a research report on Wednesday, January 27. Finally, TD Securities cut its target price for Canadian National Railway from C $ 165.00 to C $ 160.00 and researched it on Wednesday, January 27, to give the company a buy rating. Five analysts have given the share a hold rating and three have given it a buy rating. The Canadian National Railway currently has a Average Hold rating and a consensus target of CAD 147.73.
TSE CNR opened at $ 145.84 on Thursday. The company has a market capitalization of $ 103.65 billion and a P / E of 29.17. The company has a fifty day simple moving average of CAD 142.00 and a 200 day simple moving average of CAD 140.59. The Canadian National Railway has a 12-month low of $ 104.31 and a 12-month high of $ 149.11. The company has a current rate of 0.95, a fast rate of 0.52, and a leverage ratio of 67.80. The Canadian National Railway (TSE: CNR) (NYSE: CNI) last released its results on Tuesday, January 26th. The company reported earnings per share of $ 1.43 for the quarter, beating analysts’ consensus estimate of $ 1.40 by $ 0.03. The company posted revenue of $ 3.66 billion for the quarter, compared to the consensus estimate of $ 3.62 billion.
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The company recently announced a quarterly dividend, which was paid on Wednesday, March 31st. On Wednesday March 10th, a dividend of $ 0.615 was paid to shareholders of record. This equates to a dividend of $ 2.46 on an annual basis and a yield of 1.69%. This is an increase over the Canadian National Railway’s previous quarterly dividend of $ 0.58. The ex-dividend day was Tuesday, March 9th. The Canadian National Railway’s payout ratio is currently 49.20%.
In related news, Senior Officer Sean Finn sold 5,000 shares in the company in a transaction that happened on Friday, Jan. 29. The shares were sold at an average price of $ 129.42 for a total transaction of $ 647,080. Following the sale, the Insider now directly holds 15,613 shares in the company valued at approximately CAD 2,020,572.01. Insider III Gates William Henry also sold 195,100 shares in the company in a transaction that took place on Wednesday, Jan. 13. The shares were sold at an average price of $ 150.20 for a total transaction of $ 29,304,308.75. Following the sale, the Insider now holds 15,137,202 shares in the company valued at $ 2,273,630,143.46. In the most recent quarter, insiders sold 986,061 shares in the company, valued at $ 141,816,866.
Profile of the Canadian National Railway Company
The Canadian National Railway Company, together with its subsidiaries, operates in the rail and related transportation business. The product portfolio includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal products and automotive products for exporters, importers, retailers, farmers and manufacturers.
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