Canadian National Railway (TSE:CNR – Free Report) (NYSE:CNI) – Equities researchers at National Bank Financial dropped their FY2024 earnings per share (EPS) estimates for shares of Canadian National Railway in a research report issued to clients and investors on Monday, January 13th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $7.20 per share for the year, down from their previous forecast of $7.34. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.26 per share. National Bank Financial also issued estimates for Canadian National Railway’s Q4 2024 earnings at $1.92 EPS, Q1 2025 earnings at $1.75 EPS, Q2 2025 earnings at $1.92 EPS, Q3 2025 earnings at $1.99 EPS, Q4 2025 earnings at $2.27 EPS, FY2025 earnings at $7.93 EPS and FY2026 earnings at $8.89 EPS.
A number of other equities research analysts have also weighed in on CNR. JPMorgan Chase & Co. restated an “outperform” rating on shares of Canadian National Railway in a research report on Tuesday, January 7th. National Bankshares cut their target price on Canadian National Railway from C$181.00 to C$178.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Desjardins dropped their price target on Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Wells Fargo & Company raised Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 7th. Finally, Citigroup raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$170.73.
Canadian National Railway Price Performance
Shares of TSE CNR opened at C$144.32 on Wednesday. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. Canadian National Railway has a fifty-two week low of C$143.18 and a fifty-two week high of C$181.34. The stock has a market capitalization of C$90.85 billion, a PE ratio of 17.14, a P/E/G ratio of 3.38 and a beta of 0.65. The business has a fifty day moving average price of C$150.44 and a two-hundred day moving average price of C$155.46.
Insiders Place Their Bets
In related news, Senior Officer Ghislain Houle sold 5,741 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of C$150.82, for a total value of C$865,844.99. Also, Director Josephine Ann Marie Depass Olsovsky acquired 1,786 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was acquired at an average cost of C$154.93 per share, for a total transaction of C$276,697.30. In the last quarter, insiders have bought 6,694 shares of company stock worth $1,005,958. Company insiders own 2.64% of the company’s stock.
Canadian National Railway Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were issued a dividend of $0.845 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.34%. Canadian National Railway’s dividend payout ratio (DPR) is 40.14%.
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.
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