Canadian National Railway (TSE:CNR – Get Rating) (NYSE:CNI) – Equities researchers at National Bank Financial boosted their FY2022 EPS estimates for shares of Canadian National Railway in a research note issued to investors on Tuesday, April 26th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $6.82 per share for the year, up from their prior forecast of $6.78. National Bank Financial also issued estimates for Canadian National Railway’s Q1 2023 earnings at $1.76 EPS and FY2023 earnings at $7.66 EPS.
A number of other brokerages have also recently weighed in on CNR. Wells Fargo & Company reiterated a “hold” rating and issued a C$130.00 target price on shares of Canadian National Railway in a report on Wednesday. Veritas Investment Research restated a “reduce” rating on shares of Canadian National Railway in a research note on Wednesday, January 26th. Stephens restated a “hold” rating and set a C$132.00 price objective on shares of Canadian National Railway in a research note on Tuesday, January 4th. Argus raised Canadian National Railway to a “buy” rating and set a C$145.00 target price on the stock in a research report on Thursday, February 17th. Finally, Raymond James set a C$175.00 price objective on Canadian National Railway and gave the company a “market perform” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$155.13.
Canadian National Railway (TSE:CNR – Get Rating) (NYSE:CNI) last issued its earnings results on Tuesday, January 25th. The company reported C$1.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$1.53 by C$0.18. The firm had revenue of C$3.75 billion during the quarter, compared to analyst estimates of C$3.68 billion.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 9th will be paid a dividend of $0.7325 per share. This represents a $2.93 annualized dividend and a yield of 1.89%. The ex-dividend date is Wednesday, June 8th. Canadian National Railway’s dividend payout ratio (DPR) is currently 42.53%.
In other Canadian National Railway news, Senior Officer Sean Finn sold 13,587 shares of the business’s stock in a transaction on Thursday, February 3rd. The shares were sold at an average price of C$155.22, for a total transaction of C$2,108,927.94. Following the sale, the insider now directly owns 19,900 shares of the company’s stock, valued at approximately C$3,088,810.34. Also, Senior Officer James Barry Cairns sold 3,303 shares of the company’s stock in a transaction on Friday, February 25th. The stock was sold at an average price of C$158.04, for a total transaction of C$522,001.17. Following the completion of the transaction, the insider now directly owns 2,036 shares in the company, valued at C$321,766.39. Over the last three months, insiders have sold 20,890 shares of company stock worth $3,244,109.
About Canadian National Railway (Get Rating)
Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.
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