FY2024 EPS Estimates for Canadian National Railway (TSE:CNR) Raised by Analyst

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Equities research analysts at National Bank Financial lifted their FY2024 earnings estimates for shares of Canadian National Railway in a research report issued to clients and investors on Thursday, June 27th. National Bank Financial analyst C. Doerksen now forecasts that the company will earn $8.06 per share for the year, up from their previous forecast of $8.03. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $7.79 per share. National Bank Financial also issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.34 EPS.

CNR has been the subject of a number of other reports. BMO Capital Markets reduced their target price on shares of Canadian National Railway from C$195.00 to C$188.00 and set an “outperform” rating for the company in a research report on Wednesday, June 19th. Desjardins raised their target price on shares of Canadian National Railway from C$189.00 to C$195.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. National Bankshares upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating and set a C$190.00 price target for the company in a research report on Thursday. Raymond James lifted their price objective on Canadian National Railway from C$185.00 to C$190.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. Finally, Barclays upped their target price on Canadian National Railway from C$170.00 to C$175.00 in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$184.00.

Canadian National Railway Trading Up 0.1 %

Shares of CNR stock opened at C$161.66 on Friday. Canadian National Railway has a fifty-two week low of C$143.13 and a fifty-two week high of C$181.34. The company has a debt-to-equity ratio of 101.48, a quick ratio of 0.58 and a current ratio of 0.60. The stock’s fifty day moving average is C$169.50 and its two-hundred day moving average is C$171.07. The firm has a market capitalization of C$102.85 billion, a P/E ratio of 19.71, a PEG ratio of 2.06 and a beta of 0.66.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its earnings results on Tuesday, April 23rd. The company reported C$1.72 earnings per share for the quarter, meeting the consensus estimate of C$1.72. Canadian National Railway had a return on equity of 27.06% and a net margin of 32.86%. The business had revenue of C$4.25 billion for the quarter, compared to the consensus estimate of C$4.29 billion.

Insider Transactions at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder acquired 544 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The shares were purchased at an average price of C$160.21 per share, for a total transaction of C$87,156.42. Company insiders own 1.69% of the company’s stock.

Canadian National Railway Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were paid a $0.845 dividend. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, June 7th. Canadian National Railway’s dividend payout ratio (DPR) is 41.22%.

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.