Canadian National Railway to Post Q3 2019 Earnings of $1.73 Per Share, National Bank Financial Forecasts (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Equities researchers at National Bank Financial lifted their Q3 2019 EPS estimates for Canadian National Railway in a note issued to investors on Monday, April 29th, according to Zacks Investment Research. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings per share of $1.73 for the quarter, up from their previous estimate of $1.71. National Bank Financial has a “Sector Perform” rating and a $126.00 price target on the stock. National Bank Financial also issued estimates for Canadian National Railway’s Q1 2020 earnings at $1.40 EPS, Q2 2020 earnings at $1.88 EPS, Q4 2020 earnings at $1.85 EPS and FY2020 earnings at $7.00 EPS.

Other equities analysts have also recently issued research reports about the stock. Raymond James reissued an “outperform” rating and issued a C$135.00 price target on shares of Canadian National Railway in a research report on Tuesday, April 30th. Desjardins cut shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. CIBC raised their price objective on shares of Canadian National Railway from C$119.00 to C$125.00 in a report on Tuesday, April 30th. BMO Capital Markets raised their price objective on shares of Canadian National Railway from C$116.00 to C$125.00 in a report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Canadian National Railway from C$116.00 to C$119.00 in a report on Wednesday, January 30th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Canadian National Railway currently has a consensus rating of “Hold” and an average target price of C$126.80.

Shares of CNR stock opened at C$126.35 on Wednesday. The company has a debt-to-equity ratio of 79.87, a current ratio of 0.75 and a quick ratio of 0.40. Canadian National Railway has a 52 week low of C$96.46 and a 52 week high of C$127.96. The company has a market capitalization of $91.15 billion and a price-to-earnings ratio of 21.20.

In related news, Senior Officer Sean Finn sold 12,300 shares of Canadian National Railway stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of C$113.59, for a total transaction of C$1,397,166.84. Following the sale, the insider now directly owns 20,835 shares in the company, valued at approximately C$2,366,664.32. Also, Senior Officer Donald K. Reardon sold 11,400 shares of Canadian National Railway stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$115.57, for a total transaction of C$1,317,500.55. Following the sale, the insider now owns 12,869 shares in the company, valued at C$1,487,273.21. Insiders have sold a total of 35,021 shares of company stock worth $4,041,543 over the last quarter.

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

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 (TSE:CNR)

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