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Canadian National Railway profit slips

Canadian National Railway Company has a 12 month low of $66.62 and a 12 month high of $83.99. TD Securities lowered their target price on Canadian National Railway Company from C$89.00 to C$86.00 and set a “hold” rating for the company in a research note on Tuesday, April 26th. The company has a market cap of $65.72 billion.

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“At the same time, global [container] volumes are expected to remain challenging while shipments of commodities related to oil and gas development, such as crude oil, frac sand and drilling pipe, are expected to decrease relative to a year ago”, said Mr. Jobin, who took the top job at the end of June, replacing Claude Mongeau, who resigned for health reasons.

Canadian National Railway Company (TSE:CNR) announced a quarterly dividend on Monday, July 25th.

Traders are bullish on Canadian National Railway Company (CNI) as it has outperformed the S&P 500 by a margin of 4.06% in the past 4 weeks.

Revenue dropped nine per cent to $2.84 billion in the quarter from $3.13 billion in the second quarter of 2015, with coal revenue down 36 per cent, metals and minerals down 17 per cent, and petroleum and chemicals down 16 per cent. During the same quarter in the previous year, the company posted $1.15 EPS.

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Canadian Pacific Railway Limited has a PE of 20 with a one-year low of $140.02 and a one-year high of $212.06. The stock was acquired at an average cost of $143.89 per share, for a total transaction of $143,890.00. The company’s stock had a trading volume of 1,169,920 shares. Stockholders of record on Friday, September 9th will be paid a dividend of 0.375 per share on Friday, September 30th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 1.03%. The standard deviation of all the EPS estimates issued for the stock works out to 0.021%. Canadian Pacific Railway Limited’s total market value is now $29.1B. The Company operates in rail transportation segment. The Company’s business mix includes bulk commodities, merchandise freight and intermodal traffic over a network of approximately 12, 500 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions.

Net income fell to $858 million or $1.10 a share from $886 million