National Bank Financial Equities Analysts Boost Earnings Estimates for Canadian National Railway Company (CNR.TO) (TSE:CNR)
Canadian National Railway Company (CNR.TO) (TSE:CNR) (NYSE:CNI) - National Bank Financial increased their Q1 2021 EPS estimates for shares of Canadian National Railway Company (CNR.TO) in a report released on Tuesday, January 26th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings per share of $1.30 for the quarter, up from their previous forecast of $1.23. National Bank Financial has a "Sector Perform" rating and a $137.00 price objective on the stock. National Bank Financial also issued estimates for Canadian National Railway Company (CNR.TO)'s Q3 2021 earnings at $1.58 EPS and FY2022 earnings at $6.87 EPS.
Several other equities research analysts also recently weighed in on the stock. Sanford C. Bernstein decreased their target price on shares of Canadian National Railway Company (CNR.TO) from C$168.00 to C$156.00 in a research note on Wednesday. Raymond James reiterated an "outperform" rating and set a C$160.00 target price on shares of Canadian National Railway Company (CNR.TO) in a research note on Wednesday. Royal Bank of Canada decreased their target price on shares of Canadian National Railway Company (CNR.TO) from C$155.00 to C$139.00 and set a "sector perform" rating for the company in a research note on Wednesday. UBS Group reduced their price objective on shares of Canadian National Railway Company (CNR.TO) from C$148.00 to C$141.00 in a research report on Wednesday. Finally, Scotiabank reduced their price objective on shares of Canadian National Railway Company (CNR.TO) from C$144.00 to C$140.00 in a research report on Wednesday. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Canadian National Railway Company (CNR.TO) currently has an average rating of "Buy" and an average target price of C$138.83.
TSE CNR opened at C$133.11 on Friday. The company has a debt-to-equity ratio of 73.63, a current ratio of 1.05 and a quick ratio of 0.59. Canadian National Railway Company has a 1 year low of C$92.01 and a 1 year high of C$149.11. The company has a market capitalization of C$94.73 billion and a PE ratio of 27.92. The company has a fifty day moving average of C$140.84 and a two-hundred day moving average of C$138.64.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 10th will be issued a $0.615 dividend. The ex-dividend date of this dividend is Tuesday, March 9th. This is a boost from Canadian National Railway Company (CNR.TO)'s previous quarterly dividend of $0.58. This represents a $2.46 dividend on an annualized basis and a yield of 1.85%. Canadian National Railway Company (CNR.TO)'s dividend payout ratio (DPR) is 48.24%.
In other Canadian National Railway Company (CNR.TO) news, insider Iii Gates William Henry sold 54,300 shares of the stock in a transaction dated Friday, January 22nd. The shares were sold at an average price of C$136.92, for a total value of C$7,434,549.66. Following the completion of the transaction, the insider now directly owns 14,398,002 shares of the company's stock, valued at C$1,971,319,721.43. Also, Senior Officer Sean Finn sold 3,000 shares of the stock in a transaction dated Friday, December 18th. The shares were sold at an average price of C$141.37, for a total transaction of C$424,106.40. Following the completion of the transaction, the insider now directly owns 15,613 shares of the company's stock, valued at C$2,207,191.07. Over the last ninety days, insiders sold 914,561 shares of company stock valued at $132,910,522.
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