Analysts Offer Predictions for Canadian National Railway’s Q2 2019 Earnings (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Investment analysts at Seaport Global Securities increased their Q2 2019 earnings estimates for Canadian National Railway in a report issued on Tuesday, April 30th, according to Zacks Investment Research. Seaport Global Securities analyst M. Levin now expects that the company will earn $1.70 per share for the quarter, up from their prior estimate of $1.69. Seaport Global Securities also issued estimates for Canadian National Railway’s Q3 2019 earnings at $1.72 EPS.

CNR has been the topic of a number of other research reports. CIBC increased their price objective on Canadian National Railway from C$118.00 to C$119.00 in a research report on Wednesday, January 30th. JPMorgan Chase & Co. increased their price objective on Canadian National Railway from C$116.00 to C$119.00 in a research report on Wednesday, January 30th. Morgan Stanley set a C$117.00 price objective on Canadian National Railway in a research report on Monday, February 11th. BMO Capital Markets increased their price objective on Canadian National Railway from C$116.00 to C$125.00 in a research report on Tuesday, April 30th. Finally, Raymond James increased their price objective on Canadian National Railway from C$125.00 to C$135.00 in a research report on Tuesday, April 16th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of C$126.80.

TSE:CNR opened at C$126.35 on Wednesday. The firm has a market cap of $91.15 billion and a price-to-earnings ratio of 21.20. Canadian National Railway has a 1 year low of C$96.46 and a 1 year high of C$127.96. The company has a current ratio of 0.75, a quick ratio of 0.40 and a debt-to-equity ratio of 79.87.

In other news, Senior Officer Sean Finn sold 1,250 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of C$124.31, for a total transaction of C$155,392.50. Following the transaction, the insider now directly owns 16,887 shares of the company’s stock, valued at C$2,099,290.52. Also, Senior Officer Janet Drysdale sold 430 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of C$124.65, for a total value of C$53,599.80. Following the transaction, the insider now directly owns 14,551 shares in the company, valued at C$1,813,792.34. In the last three months, insiders sold 35,021 shares of company stock worth $4,041,543.

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