Canadian National Railway (TSE:CNR) Rating Increased to Strong-Buy at National Bank Financial

National Bank Financial upgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday, Zacks.com reports. National Bank Financial also issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.34 EPS and FY2024 earnings at $8.06 EPS.

Several other equities research analysts also recently issued reports on CNR. CIBC upped their price target on Canadian National Railway from C$177.00 to C$183.00 and gave the stock a neutral rating in a report on Wednesday, March 27th. BMO Capital Markets decreased their price target on Canadian National Railway from C$195.00 to C$188.00 and set an outperform rating for the company in a report on Wednesday, June 19th. TD Securities upped their price target on Canadian National Railway from C$185.00 to C$190.00 and gave the stock a hold rating in a report on Wednesday, April 24th. Barclays upped their price target on Canadian National Railway from C$170.00 to C$175.00 in a report on Thursday, April 4th. Finally, UBS Group decreased their price target on Canadian National Railway from C$205.00 to C$202.00 in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Canadian National Railway currently has a consensus rating of Hold and an average target price of C$184.00.

Canadian National Railway Price Performance

Shares of TSE:CNR opened at C$161.55 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 101.48. Canadian National Railway has a twelve month low of C$143.13 and a twelve month high of C$181.34. The stock’s 50 day moving average is C$170.04 and its 200-day moving average is C$171.07. The firm has a market capitalization of C$102.78 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 2.06 and a beta of 0.66.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Tuesday, April 23rd. The company reported C$1.72 earnings per share for the quarter, hitting analysts’ consensus estimates of C$1.72. Canadian National Railway had a return on equity of 27.06% and a net margin of 32.86%. The company had revenue of C$4.25 billion for the quarter, compared to analyst estimates of C$4.29 billion. Sell-side analysts forecast that Canadian National Railway will post 7.7897884 EPS for the current fiscal year.

Canadian National Railway Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a dividend of $0.845 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.09%. Canadian National Railway’s dividend payout ratio is presently 41.22%.

Insider Activity

In other news, Director Shauneen Elizabeth Bruder purchased 544 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were purchased at an average price of C$160.21 per share, with a total value of C$87,156.42. Insiders own 1.69% of the company’s stock.

About Canadian National Railway

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.