|Bid||85.59 x 800|
|Ask||85.62 x 900|
|Day's Range||84.75 - 85.93|
|52 Week Range||70.59 - 86.29|
|PE Ratio (TTM)||16.00|
|Forward Dividend & Yield||1.37 (1.62%)|
|1y Target Est||86.36|
High freight revenues owing to the impressive performance of coal and intermodal segments are expected to benefit Canadian National's (CNI) Q2 results.
CN (CNR.TO) (CNI) said today it plans to invest approximately $315 million in Ontario in 2018 to expand and strengthen the company’s rail network across the province. “We are investing for the long haul with these projects to boost capacity and network resiliency to meet growing demand across our economy,” said Michael Farkouh, vice-president of CN’s Eastern Region. “Our investments in track and intermodal yard capacity combined with new equipment will help us deliver superior service to our customers in Ontario and North America.
Montreal, Canada headquartered Canadian National Railway Co.'s stock finished Monday's session 2.65% higher at $84.15. A total volume of 1.44 million shares was traded, which was above their three months average volume of 1.11 million shares.
Major US railroads (XLI) have taken measures to boost their operating margins in the past few months. These measures include reorganizing business units, adapting to new operational plans, idling locomotives, and reducing network size. Along with lower taxes, they should take care of the EPS numerator. On the other hand, for 2018, railroads seem to have opted to increase their dividends or initiate additional stock buybacks instead of incurring more capital expenditures. That should take care of their EPS denominator.
Of the 26 analysts covering Norfolk Southern (NSC) stock, five have recommended a “strong buy,” and five have recommended a “buy.” Fourteen analysts have given it a “hold” rating, and two have recommended a “sell.” The stock has a consensus rating of 2.5, which indicates a “buy.”
Railroads are a barometer of economic health, and investors are feeling the mood in the markets for the direction of railroad stocks. Higher interest rates and a lower unemployment rate are the major indicators of a renewed confidence in the US economy.
CN (CNR.TO) (CNI) today announced the creation of the company’s first Community Board to guide CN’s Stronger Communities Fund decisions and strengthen community partnerships in Edmonton. “CN is committed to making the communities we operate through better and safer places to live, work and play,” said Sean Finn, executive vice president of corporate services and chief legal officer at CN.
Canadian Pacific Railway (CP) recorded 4.0% YoY (year-over-year) growth in its Week 24 carload traffic. The company moved over 34,100 railcars (excluding intermodal units) in that week, compared with over 32,800 units in the corresponding week of 2017.
CN (CNR.TO) (CNI) said today the federal government’s support of infrastructure investments in Vancouver through the National Trade Corridors Fund (NTCF) will help the long-term expansion of trade between Canada and Asia. “We applaud the Government of Canada’s actions to expand Canada’s key trade corridors and make them more reliable.
Let’s talk about the popular Canadian National Railway Company (TSE:CNR). The company’s shares saw a double-digit share price rise of over 10% in the past couple of months on theRead More...
CN (CNR.TO) (CNI) said today it plans to invest $10 million across Nova Scotia in 2018 to strengthen the company’s rail network in the province, improving safety and supporting efficient service. The investments are part of CN’s overall capital program in 2018 and will focus on the replacement, upgrade and maintenance of key track infrastructure. Michael Farkouh, vice-president of CN’s Eastern Region, said: “We are again investing in Nova Scotia to support a safe and fluid railway network.
CN (CNR.TO) (CNI) said today it plans to invest $30 million in New Brunswick in 2018 to strengthen the company’s rail network across the province, improving safety and supporting efficient service. The investments are part of CN’s overall capital program in 2018 and will focus on the replacement, upgrade and maintenance of key track infrastructure. Michael Farkouh, vice-president of CN’s Eastern Region, said: “We are again investing across New Brunswick to support a safe and fluid railway network.
MONTREAL, June 20, 2018-- CN will issue its second-quarter 2018 financial and operating results on July 24, 2018, at 4.01 p.m. CN's senior officers will review the results and the railway's outlook in ...
Canadian Pacific Railway’s (CP) carload traffic, excluding intermodal, rose 8.3% YoY (year-over-year) in Week 23 to ~33,500 railcars from ~31,000. It beat rival Canadian National Railway’s (CNI) 4% YoY rise, Canadian railroads’ (IYJ) average 6.4% YoY rise, and US railroads’ 2.8% YoY rise.
Canadian National Railway Co said on Tuesday it plans to invest C$210 million ($158 million) in Saskatchewan this year to expand its network across the province. Canadian National Railway has also offered bonuses to attract more workers, as railway companies battle to unclog rail bottlenecks that left Canadian commodities trapped in landlocked western provinces this winter.
CN (CNR.TO) (CNI) said today it plans to invest approximately $210 million in Saskatchewan in 2018 to expand and strengthen the company’s rail network across the province. “We are investing for the long haul with these projects to boost capacity and network resiliency,” said Doug Ryhorchuk, vice-president of CN’s Western Region. “Our investments in new double track across the Prairies combined with new equipment and more people will help us deliver superior service to our grain, energy and other customers across the province and North America.
Canada’s largest rail freight carrier, Canadian National Railway (CNI), saw its carload traffic rise 4% YoY (year-over-year) in Week 23, to ~63,500 carloads from 61,000. Rival Canadian Pacific Railway’s (CP) grew more, by 8.3% YoY, and Canadian railroads’ grew 6.2% YoY.
Canadian National is a giant in transport and a vital part of the continent's infrastructure, but its share price has oscillated far more than its performance would seem to justify.
Canadian National Railway Co said on Thursday it plans to invest around C$210 million in Quebec this year to expand its railway network across the province. The investment is part of the company's C$3.4 billion capital program in 2018.
CN (CNR.TO) (CNI) said today it plans to invest approximately $210 million across Quebec in 2018 to strengthen the Company’s rail network throughout the province, improving safety and supporting efficient service. “We are again investing across the province to support a safe and fluid railway network, and our increasing investments in technology are making our Montreal headquarters part of the growing tech economy of Quebec,” said Michael Farkouh, vice-president of CN’s Eastern Region.
In Week 22, Canada’s largest railroad company, Canadian National Railway (CNI), posted an almost double-digit rise in carload traffic. CNI’s carload traffic rose 9.7% YoY (year-over-year) to ~65,000 units from ~59,300 units, in contrast with rival Canadian Pacific Railway (CP), which reported a ~3.0% carload volume loss. CNI’s volume gains were far higher than the 0.2% growth reported by US railroad companies. The Montreal-headquartered railroad company’s gains were also higher than Canadian railroad companies’ carload traffic growth of 6.4% in Week 22.