Canadian National Railway (TSE: CNR) (NYSE: CNI) – National Bank Financial stock analysts released their earnings per share (EPS) estimates for Canadian National Railway for the second quarter of 2021 in an investor research note on Tuesday, March 20, 2019 April, lowered. National Bank financial analyst C. Doerksen now expects the company to post earnings of $ 1.47 per share for the quarter, compared to its previous forecast of $ 1.48. National Bank Financial currently 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 $ 5.93 per share.
Several other research analysts have also looked at CNR. National Bankshares raised its target price on shares in the Canadian National Railway from C $ 137.00 to C $ 147.00 and rated the stock as “outperforming” in a report on Wednesday March 31st. CIBC raised its target price on shares of the Canadian National Railway from C $ 142.00 to C $ 148.00 and gave the company a “neutral” rating in a research note on Friday, March 26th. Raymond James gave an “outperform” rating in a research note on Wednesday and set a price target of CAD 160.00 on shares of the Canadian National Railway. JPMorgan Chase & Co. lowered its target price on shares of the Canadian National Railway from C $ 145.00 to C $ 138.00 in a research note on Friday, April 9th. Finally, the Royal Bank of Canada reissued a “Sector Performance” rating in a research note on Tuesday, setting a price target of $ 139.00 on shares in the Canadian National Railway. Four research analysts have given the share a hold rating and three with a buy rating. The stock has a consensus rating of “Hold” and a consensus target of $ 147.36.
The Canadian National Railway’s inventory opened Thursday at $ 138.59. The company has a 50-day moving average of $ 145.57 and a 200-day moving average of $ 141.24. The company has a market capitalization of $ 98.50 billion and a PER of $ 27.72. The Canadian National Railway has a 52-week low of $ 107.62 and a 52-week high of $ 149.44. The company has a quick rate of 0.52, a current rate of 0.95, and a leverage ratio of 67.80. The Canadian National Railway (TSE: CNR) (NYSE: CNI) last announced its quarterly results on Tuesday, January 26th. The company reported earnings per share of $ 1.43 for the quarter, beating the consensus estimate of $ 1.40 by $ 0.03. The company posted revenue of $ 3.66 billion for the quarter, compared to analyst expectations 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, investors of record received a dividend of $ 0.615 per share. The ex-dividend day was Tuesday, March 9th. This equates to an annual dividend of $ 2.46 and a yield of 1.78%. This is a positive change from the Canadian National Railway’s previous quarterly dividend of $ 0.58. The Canadian National Railway’s payout ratio is 46.00%.
In other news, Senior Officer Sean Finn sold 5,000 shares in the company in a transaction on Friday, January 29. The shares were sold at an average price of $ 129.42 for a total value of $ 647,080. Following the sale, the Insider now holds 15,613 shares in the company valued at approximately $ 2,020,572.01. In addition, Senior Officer James Barry Cairns sold 1,115 shares in the company on Wednesday March 17. The stock sold at an average price of $ 146.68 for a total transaction of $ 163,548.76. Following the transaction, the Insider now holds 746 shares in the company valued at approximately $ 109,423.65. Insiders have sold 262,034 shares in the company for $ 35,985,425 in the past ninety days.
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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