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CNI

Canadian National Railway Company

6/18/2013, 11:09 PM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Wednesday, June 5, 1:41 PM Westport Innovations (WPRT -2.6%) gives back gains made earlier in the day after it said that Canadian National Railway (CNI -2.7%) had placed an order for four LNG tenders from it for an unspecified amount. The first tender will be delivered in Q413. 4 Comments [On the Move]
Friday, May 31, 2:35 PM JPMorgan upgrades Canadian National Railway (CNI -0.3%) to Neutral from Underweight and boosts its price target from $96 to $110 representing a ~7% upside from current levels. The company "has one of the strongest crude by rail growth stories over the next several years," analyst Thomas Wadewitz says, adding that CNI also has a cost advantage in some of the coal mines it serves. Comment!
Tuesday, May 14, 10:19 AM Kansas City Southern (KSU +3%) trades higher after Desjardins Capital Markets suggests that the railroad company should be a takeover target. Logical acquirers include Canadian National Railway (CNI +0.5%) and Canadian Pacific (CP +0.8%). Comment! [M&A, Consumer]
Monday, April 22, 6:10 PM Canadian National Railway (CNI) declares C$0.43/share quarterly dividend, in line with previous. For shareholders of record June 07. Payable June 28. Ex-div date June 05. (PR) Comment! [Dividends]
Monday, April 22, 3:53 PM Canadian National (CNI): Q1 EPS of C$1.22 beats by C$0.01. Revenue of C$2.47B misses by C$0.02B. (PR) Comment! [Earnings, Breaking News]
Monday, April 22, 2:46 PM Shares of Canadian Railway (CNI -0.3%) are halted with news pending. There are reports the company inadvertently posted Q1 results earlier on its website, showing a mild beat on EPS and reaffirming its guidance. Comment! [Consumer]
Monday, April 22, 12:10 AM Notable earnings after Monday’s close: ACE, AMP, CNI, HXL, ILMN, NFLX, NXPI, PKG, RCI, SANM, STM, SWFT, TXN, VECO, ZION Comment! [Earnings]
Sunday, April 21, 5:35 PM Notable earnings after Monday’s close: ACE, AMP, CNI, HXL, ILMN, NFLX, NXPI, PKG, RCI, SANM, STM, SWFT, TXN, VECO, ZION Comment! [Earnings]
Wednesday, April 17, 9:59 AM Railroad stocks are mild under-performers after CSX Corporation (CSX -0.8%) issues a soft outlook on demand for coal transport. The company sees relatively flat earnings in 2013 before 10% to 15% growth is seen in 2014 and 2015. Sector watch: NSC -1.6%, UNP -1.3%, CNI -1.2%, CP -1.5%. 2 Comments [Consumer, On the Move]
Thursday, April 4, 8:06 AM Bernstein is out with a warning on the railroad sector, saying Q1 rail volume was a disappointment. The firm expects Canadian National (CNI), Union Pacific (UNP), and Norfolk Southern (NSC) to miss earnings estimates and CSX (CSX) to only match targets. 7 Comments [Consumer]
Wednesday, March 27, 2:29 PM Are railroad stocks (KSU, UNP, NSC, GWR, PWX, CNI, BNI) ready to stay on track to see even higher levels? Despite valuations that are getting stretched after a broad sector rally, a compelling case can be made that shares will keep motoring higher. The industry will pour $14B into improvements this year and freight demand is forecast to soar 50% by 2050. The stat that makes the bull case all by itself: Trains can move a ton of freight about 500 miles on one gallon of fuel - an efficiency rate 3X or 4X better than trucks. 9 Comments [Consumer, Quick Ideas]
Monday, March 25, 5:57 PM Railroads are the critical link behind the boom in North American oil production from shale fields beyond the reach of existing pipelines, and Raymond James suggests 21 stocks likely to benefit from the trend: CNI, CP, KSU, NSC, CSX, UNP, BTE, CNQ, ARII, TRN, GMT, PBF, DK, TSO, TLLP, GEL, NRGY, GLP, CSCTF.PK, MEGEF.PK, STPJF.PK. (earlier) 3 Comments [Energy, Quick Ideas]
Monday, March 25, 12:29 PM North American crude-laden rail carloads have surged by more than 50-fold and likely will continue even if more pipeline capacity is brought on, Raymond James says. Canadian National (CNI) and Canadian Pacific (CP) railways will benefit; the firm raised its rating on CNI to Outperform and hiked its price target to $115 from $92, and upped CP’s target to $130 from $120. Comment! [Energy, Quick Ideas]
Wednesday, March 20, 11:28 AM Canadian National Railway (CNI +0.2%) plans to relocate a forest products reload center to the Port of Chicago to improve its supply chain capabilities. The move will help improve transit times and inventory management, according to the company. Comment! [Consumer]
Wednesday, February 27, 10:12 AM Railroad stocks move higher after a report on durable goods comes in better than expected with Kansas City Southern (KSU +6.4%) leading the pack. Advancers: UNP +2.0%, GWR +2.2%, CNI +1.6%, UNP +2.1%. 2 Comments [Consumer, On the Move]
Monday, February 4, 9:11 AM Canadian National Railway (CNI) ends litigation with Canadian Pacific (CP) and its former CEO Hunter Harrison with a broad settlement. One portion of the confidential agreement which was disclosed is that Canadian Pacific agrees not to hire certain Canadian National Railway employees until 2017 at the earliest. Comment! [Consumer]