Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on CANADIAN NATL RAILWAY CO. We currently have 19 research reports from 1 professional analysts.
Frequency of research reports
Research reports on
CANADIAN NATL RAILWAY CO
CANADIAN NATL RAILWAY CO
1Q16 Carloads Down 6.4% y/y; Adjusted 1Q16 EPS of $0.93; 12 MTP of $87.50/sh, Downgrade to Market Perform
23 Mar 16
We expect CN carloads to be down 6.4% in 1Q16 y/y as result of significant declines in metals and minerals, coal and petroleum products. Due to exposure to commodity prices impacting shipping volumes, we expect a 3.6% y/y decline in 1Q16 revenue, down to $2.99 billion. We predict 1Q16 adjusted diluted EPS of $0.93/share, in line with consensus, which represents an increase of 7% when compared to 1Q15. Due to changes to our expectations, we have lowered our 12-month target price to $87.50/share, down from our previous estimate of $90.00/share. With the shares up 12% since our upgrade, CNR receives a Market Perform ranking.
CANADIAN NATIONAL RAILWAY COMPANY (CNR) DETAILS ITS $2.9 BILLION OF CAPITAL INVESTMENT FOR 2016
10 Feb 16
On February 10, 2016, CN announced further details of its 2016 capital investment guidance of $2.9 billion. CN plans to spend $1.5 billion on track infrastructure, $600 million on rolling stock equipment, $400 million on Positive Train Control (PTC) technology, and $400 million on other initiatives. CN will spend 52% of its capital investment or $1.5 billion on track infrastructure, including replacements of rail and ties, bridge maintenance (this alone took $100 mm in 2015, or about $500,000/bridge-mile) and targeted branch line upgrades.
CANADIAN NATIONAL RAILWAY COMPANY (CNR) ANNOUNCES SHARE REPURCHASE UNDER NCIB
05 Feb 16
On Friday February 5, 2016, after market close, CN announced that it will repurchase a portion of its common stock under a specific share repurchase program, which will form part of CN's 12-month normal course issuer bid (NCIB) totaling 33 million shares announced on October 27, 2015. The daily repurchases will cap out at 1,500,000 of CN common shares with the bids running from March 1, 2016 to March 11, 2016. CN will be purchasing the common shares from a third party at a price that will be negotiated but ultimately lower than current market value at the time of the bid.
4Q15 Adj. EPS of $1.18 Beats Consensus ($1.11)/ FCC ($1.09) Estimates, Operating Ratio of 57.2% Lower than Consensus (57.9%)/FCC (58.4%) Estimates
27 Jan 16
CN has proven its capacity to operate efficiently and produce at the bottom line. Based on our new estimates and an NAV (Atax, 8%) of $89.37 per share, we have increased our 12-month target price to $90.00 per share and upgraded our ranking to Outperform.
CANADIAN NATIONAL RAILWAY COMPANY (CNR) SUBMITS ENVIRONMENTAL IMPACT STATEMENT FOR PROPOSED MILTON LOGISTICS HUB
07 Jan 16
On Thursday January 7, after market close, CN announced that it has submitted an Environmental Impact Statement (EIS) for its proposed $250 million logistics hub in Milton, ON, to the Canadian Environmental Assessment Agency (CEAA). The EIS outlines specific measures that CN plans to follow in an effort to limit the project's environmental impact on the community and demonstrates commitment to the project.
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
N+1 Singer - Small-cap quantitative research - Momentum screen refresh + 10 focus stocks
12 Jan 17
We have refreshed our momentum style screen for the first time since inception on 26 July 2016. As before, the screen selects the 25 stocks exhibiting the most extreme momentum characteristics, according to our measurement method. From these we have selected 10 to focus on. Since inception the screen has underperformed both the main small-cap and micro-cap indices against a background of generally rising momentum. We have noted a subset of the basket, where decelerating momentum at the time of measurement appears correlated with significant share price falls since selection. We shall monitor this factor with the new screen, albeit there are only two such stocks showing this pattern, namely Lamprell (not rated) and Gear4music (not rated).
N+1 Singer - Morning Song 12-01-2017
12 Jan 17
As anticipated, the second half has again been stronger than H1 and results will be broadly in line with expectations. In line with this, the order book has continued to grow and is at record levels. This confirms that significant progress has been made in the Group’s shift towards its Technology Products division which, as targeted, contributed c.60% of group revenue in FY16. The small acquisition of Cable Power also gives a complementary boost to the product range. It is also worth noting the significant reduction in net debt, £1.0m ahead of our forecast. We remain supportive of the Group’s strategy and continue to see a bright future as this transition towards a design led technology solutions business continues. We look forward to more detail in March at the final results.
N+1 Singer - Best Ideas 2017 - Top picks
04 Jan 17
Today we publish our Best Ideas for 2017 - 12 stocks that we believe have excellent prospects in the current year together with a detailed discussion of what we see as the key sector and market themes for 2017. Our top picks are Cineworld, Elementis, Herald Investment Trust, Hill & Smith, IQE, MySale, Redde, ReNeuron, RhythmOne, SDL, Servelec and Severfield.