$0.98 EPS Expected for Canadian National Railway (USA) (CNI)

Paterniano Del Favero
Luglio 20, 2017

Press release issued July 19, 2017 by Canadian Pacific Railway Limited and furnished to Item 2.02, "Results of Operations and Financial Condition". Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Canadian Pacific Railway Limited (CP) opened at 163.41 on Friday. Schafer Cullen Capital Management Inc. purchased a new position in Canadian Pacific Railway Limited during the first quarter worth approximately $201,000. Boston Common Asset Management LLC boosted its position in shares of Canadian Pacific Railway Limited by 1.1% in the first quarter. Over the last week of the month, it was 1.33%, 13.77% over the last quarter, and 19.05% for the past six months. Thornburg Investment Management Inc. boosted its stake in Canadian Pacific Railway Limited by 54.3% in the first quarter. Hedge funds and other institutional investors own 70.18% of the company's stock. Cowen and Company restated an outperform rating and issued a $172.00 price objective (down from $173.00) on shares of Canadian Pacific Railway Limited in a report on Sunday, April 23rd.

Shares of the company are trading at $164.10 a tad above the 50 day moving average which is $156.77 and a tad higher than the 200 day moving average of $151.05. Canadian Pacific Railway Limited has a 52 week low of $139.29 and a 52 week high of $167.52.

Canadian Pacific Railway Limited declared that its board has authorized a share buyback program on Wednesday, May 10th that permits the company to buyback 4,380,000 shares. MA now owns 46,482 shares of the transportation company's stock valued at $6,829,000 after buying an additional 2,010 shares in the last quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. This represents a $1.22 annualized dividend and a yield of 1.46%. The ex-dividend date is Thursday, September 28th. After having $0.88 EPS previously, Canadian National Railway (USA)'s analysts see 11.36% EPS growth. Canadian Pacific Railway Limited's dividend payout ratio (DPR) is now 21.86%. Credit Suisse maintained Canadian National Railway (USA) (NYSE:CNI) rating on Tuesday, April 26. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and worldwide copyright and trademark law. The correct version of this story can be accessed at https://www.thestockobserver.com/2017/07/19/canadian-pacific-railway-limited-cp-stake-raised-by-jarislowsky-fraser-ltd.html.

Several equities research analysts recently issued reports on the company. JP Morgan initiated the stock with "Neutral" rating in Monday, April 25 report.

Shaers of Canadian National Railway Company (NYSE:CNI) have been recommended as a long term growth pick according to Beta Research. First Analysis upgraded Canadian National Railway (USA) (NYSE:CNI) on Wednesday, January 27 to "Overweight" rating. Research analysts expect Canadian Pacific Railway Limited to earn $9.92 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 17.1%. The stock of Canadian National Railway Company (TSE:CNR) has "Hold" rating given on Wednesday, January 25 by TD Securities. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. Canadian Pacific Railway Limited presently has a consensus rating of "Buy" and an average target price of $187.24.

The Company transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles, serving the business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia and the United States Northeast and Midwest regions. The Firm operates through rail transportation segment.

Altre relazioni OverNewsmagazine

Discuti questo articolo