Cormark Equities Analysts Raise Earnings Estimates for Canadian National Railway Company (CNI)

Paterniano Del Favero
Luglio 27, 2017

Other institutional investors have also made changes to their positions in the company. The stock has a market capitalization of $23.05 billion, a PE ratio of 17.900 and a beta of 1.11. JPMorgan Chase & Co. now owns 1,405,864 shares of the transportation company's stock valued at $103,935,000 after buying an additional 31,746 shares in the last quarter. It is down 21.39% since July 26, 2016 and is uptrending.

Columbus Circle Investors increased Canadian Pac Ry Ltd (CP) stake by 75.24% reported in 2016Q4 SEC filing. 274,875 shares of the company's stock were exchanged. Cormark analyst D. Tyerman now anticipates that the transportation company will post earnings of $2.47 per share for the quarter, down from their prior forecast of $2.50.

Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) last issued its earnings results on Wednesday, July 19th. It has outperformed by 4.69% the S&P500. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. The correct version of this report can be read at https://weekherald.com/2017/07/27/cormark-equities-analysts-raise-earnings-estimates-for-canadian-national-railway-company-cni.html.

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The firm now has a buy rating on the transportation company's stock. The stock of Canadian Pacific Railway Limited (USA) (NYSE:CP) has "Buy" rating given on Friday, December 16 by Stifel Nicolaus. The rating was initiated by Seaport Global with "Buy" on Monday, October 24. The stock of Canadian Pacific Railway Limited (USA) (NYSE:CP) has "Outperform" rating given on Friday, February 19 by Credit Suisse. The company was maintained on Friday, January 22 by Credit Suisse. The company was maintained on Thursday, July 20 by Bank of America. On Wednesday, October 21 the stock rating was maintained by RBC Capital Markets with "Sector Perform".

The share price of Canadian National Railway Company (NYSE:CNI) was down -0.31% during the last trading session, with a day high of 82.18. Canaccord Genuity downgraded the shares of CP in report on Tuesday, October 13 to "Hold" rating. Reliance Trust Co. of DE increased its stake in shares of Canadian Pacific Railway Limited by 23.8% in the second quarter. National Bank Financial also issued estimates for Canadian National Railway's Q4 2017 earnings at $1.06 EPS, FY2017 earnings at $4.12 EPS, Q1 2018 earnings at $1.00 EPS, Q2 2018 earnings at $1.18 EPS, Q3 2018 earnings at $1.20 EPS, Q4 2018 earnings at $1.18 EPS and FY2018 earnings at $4.56 EPS. Its up 0.81, from 0.7 in 2016Q3. The shares were sold at an average price of C$103.40, for a total transaction of C$1,618,727.00. 62 funds opened positions while 86 raised stakes. Creative Planning owns 3,607 shares. (NYSE:SLB). Systematic Financial Mgmt Limited Partnership owns 0.01% invested in Schlumberger Limited. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta holds 39,807 shares. Noting its average daily volume at 1 million shares each day over the month, this signifies a pretty significant change over the norm. Creative Planning has an ownership of 13,089 stocks of the transportation firms shares valued $968,000 after scooping up an extra 1,636 stocks in the previous period. hedge fund investors and investment firms has an ownership of 55.16% of the firms stock.

Ever wonder how investors predict positive share price momentum? Schafer Cullen Capital Management Inc. acquired a new position in shares of Canadian Pacific Railway Limited during the first quarter worth about $201,000. Pcj Investment Counsel Ltd sold 2,115 shares as the company's stock rose 4.01% with the market. As of the latest earnings report the EPS was $3.82 and is projected to be $4.06 for the current year with 756,099,000 shares now outstanding. Robeco Institutional Asset Bv has 432 shares for 0% of their portfolio. Tower Limited Liability (Trc) reported 7 shares or 0% of all its holdings. Parametric Port Associates Ltd accumulated 27,078 shares or 0.01% of the stock. The recommendation scale measures the value from 1 to 5, where 1 means "Buy" and 5 stands for "Sell". Therefore 79% are positive. The firm has "Buy" rating given on Thursday, August 27 by Argus Research.

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