Canadian National Railway Company (TSE:CNR) (NYSE:CNI) – Equities research analysts at National Bank Financial upped their Q1 2017 earnings estimates for shares of Canadian National Railway Company in a research note issued to investors on Tuesday, according to Zacks Investment Research. National Bank Financial analyst C. Doerksen now forecasts that the company will earn $1.14 per share for the quarter, up from their previous forecast of $1.04. National Bank Financial also issued estimates for Canadian National Railway Company’s FY2017 earnings at $4.95 EPS and Q2 2018 earnings at $1.33 EPS.
CNR has been the topic of a number of other research reports. Raymond James Financial, Inc. reissued an “outperform” rating on shares of Canadian National Railway Company in a research note on Wednesday, January 18th. CIBC boosted their price objective on Canadian National Railway Company from C$90.00 to C$99.00 in a research note on Thursday, January 5th. Royal Bank of Canada boosted their price objective on Canadian National Railway Company from C$100.00 to C$102.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 25th. JPMorgan Chase & Co. boosted their price objective on Canadian National Railway Company from C$91.00 to C$92.00 in a research note on Tuesday, January 17th. Finally, Scotiabank cut their target price on Canadian National Railway Company from C$105.00 to C$97.00 and set an “outperform” rating on the stock in a research report on Friday, March 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Canadian National Railway Company presently has a consensus rating of “Hold” and an average target price of C$97.33.
Canadian National Railway Company (TSE:CNR) traded up 0.59% during midday trading on Friday, hitting $100.95. The stock had a trading volume of 1,029,153 shares. The firm has a market cap of $76.75 billion and a PE ratio of 21.62. Canadian National Railway Company has a one year low of $72.78 and a one year high of $101.15. The stock has a 50-day moving average price of $97.68 and a 200 day moving average price of $91.81.
In related news, insider Jean-Jacques Ruest sold 15,417 shares of the business’s stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of C$95.94, for a total transaction of C$1,479,106.98. Also, Director James E. O’connor acquired 2,850 shares of the business’s stock in a transaction that occurred on Thursday, January 26th. The shares were acquired at an average cost of C$70.05 per share, with a total value of C$199,642.50. Insiders have sold 43,518 shares of company stock worth $3,965,577 in the last quarter.
Canadian National Railway Company Company Profile
Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.
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