National Bank Financial Equities Analysts Cut Earnings Estimates for Canadian National Railway (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Equities researchers at National Bank Financial lowered their FY2024 earnings estimates for Canadian National Railway in a research note issued to investors on Tuesday, April 23rd. National Bank Financial analyst C. Doerksen now anticipates that the company will earn $8.03 per share for the year, down from their previous forecast of $8.05. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.01 per share. National Bank Financial also issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.37 EPS.

CNR has been the topic of a number of other reports. Sanford C. Bernstein raised their price objective on shares of Canadian National Railway from C$191.00 to C$195.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Barclays lifted their target price on shares of Canadian National Railway from C$170.00 to C$175.00 in a report on Thursday, April 4th. JPMorgan Chase & Co. boosted their price objective on shares of Canadian National Railway from C$158.00 to C$164.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. CIBC boosted their target price on shares of Canadian National Railway from C$177.00 to C$183.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. Finally, UBS Group lowered their price objective on shares of Canadian National Railway from C$205.00 to C$202.00 in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$184.50.

Canadian National Railway Trading Up 0.5 %

Shares of TSE CNR opened at C$171.25 on Friday. The company’s fifty day moving average is C$175.91 and its 200-day moving average is C$165.81. The stock has a market cap of C$109.64 billion, a price-to-earnings ratio of 20.08, a P/E/G ratio of 2.06 and a beta of 0.65. Canadian National Railway has a twelve month low of C$143.13 and a twelve month high of C$181.34. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 93.89.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported C$2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.96 by C$0.06. The firm had revenue of C$4.47 billion for the quarter, compared to analysts’ expectations of C$4.38 billion. Canadian National Railway had a net margin of 33.43% and a return on equity of 27.11%.

Insider Buying and Selling

In other news, Senior Officer Derek Michael Taylor sold 2,610 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$131.26, for a total value of C$342,577.38. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 6,000 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was purchased at an average price of C$168.44 per share, for a total transaction of C$1,010,640.00. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of C$131.26, for a total transaction of C$342,577.38. 1.67% of the stock is owned by insiders.

Canadian National Railway Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $0.845 per share. This represents a $3.38 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Friday, June 7th. Canadian National Railway’s dividend payout ratio is presently 39.62%.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.