As 3Q15 comes to a close, we are updating our outlook before the release of CN’s quarterly financial statements (scheduled for October 27, 2015). The update includes changes that have little aggregate impact on our long-term outlook. Our DCF-NAV still remains at $85.31/share, matching our target and, therefore, maintaining our Market Perform ranking. We have increased our 3Q15 est. EPS from $1.14 to $1.17/share but maintained our FY2015e EPS at $4.25/share.
23 Sep 2015
3Q15 Carloads Down by 88,000 y/y; Cutting Operating Costs; 12MTP $85/share (Unchanged)
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
3Q15 Carloads Down by 88,000 y/y; Cutting Operating Costs; 12MTP $85/share (Unchanged)
Canadian National Railway Company (CNR:TSE) | 0 0 (-0.4%) | Mkt Cap: 71,463m
- Published:
23 Sep 2015 -
Author:
Steven I. Paget -
Pages:
5
As 3Q15 comes to a close, we are updating our outlook before the release of CN’s quarterly financial statements (scheduled for October 27, 2015). The update includes changes that have little aggregate impact on our long-term outlook. Our DCF-NAV still remains at $85.31/share, matching our target and, therefore, maintaining our Market Perform ranking. We have increased our 3Q15 est. EPS from $1.14 to $1.17/share but maintained our FY2015e EPS at $4.25/share.