FY2020 EPS Estimates for Canadian National Railway Raised by Desjardins (CNI)

Canadian National Railway (NYSE:CNI) (TSE:CNR) – Analysts at Desjardins boosted their FY2020 earnings estimates for Canadian National Railway in a research note issued to investors on Tuesday, April 30th, according to Zacks Investment Research. Desjardins analyst B. Poirier now forecasts that the transportation company will post earnings of $5.13 per share for the year, up from their previous estimate of $5.12. Desjardins currently has a “Hold” rating and a $90.32 target price on the stock.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Monday, April 29th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.28. The business had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.48 billion. Canadian National Railway had a net margin of 29.86% and a return on equity of 23.64%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.00 earnings per share.

A number of other equities analysts also recently weighed in on the stock. Stifel Nicolaus increased their price target on shares of Canadian National Railway from $87.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Stephens increased their price target on shares of Canadian National Railway from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. BMO Capital Markets raised shares of Canadian National Railway to a “market perform” rating and set a $125.00 price target on the stock in a research note on Tuesday, April 30th. They noted that the move was a valuation call. Royal Bank of Canada downgraded shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating and set a $92.00 price target on the stock. in a research note on Tuesday, April 30th. Finally, ValuEngine raised shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Canadian National Railway presently has an average rating of “Hold” and an average target price of $96.69.

NYSE:CNI opened at $93.88 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. The company has a market cap of $67.10 billion, a price-to-earnings ratio of 22.57, a P/E/G ratio of 1.89 and a beta of 1.07. Canadian National Railway has a fifty-two week low of $70.36 and a fifty-two week high of $95.08.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a $0.3982 dividend. This represents a $1.59 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Thursday, June 6th. Canadian National Railway’s payout ratio is currently 38.46%.

Several institutional investors have recently added to or reduced their stakes in CNI. Norges Bank acquired a new stake in shares of Canadian National Railway in the fourth quarter worth $483,340,000. TCI Fund Management Ltd. increased its position in shares of Canadian National Railway by 19.9% in the first quarter. TCI Fund Management Ltd. now owns 12,857,534 shares of the transportation company’s stock worth $1,151,538,000 after acquiring an additional 2,137,051 shares in the last quarter. FIL Ltd increased its position in shares of Canadian National Railway by 22.7% in the first quarter. FIL Ltd now owns 9,901,396 shares of the transportation company’s stock worth $886,372,000 after acquiring an additional 1,829,102 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Canadian National Railway by 29.2% in the fourth quarter. Mackenzie Financial Corp now owns 6,642,677 shares of the transportation company’s stock worth $492,289,000 after acquiring an additional 1,500,861 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of Canadian National Railway in the first quarter worth $165,551,000. 55.54% of the stock is owned by institutional investors.

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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Earnings History and Estimates for Canadian National Railway (NYSE:CNI)

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