Canadian National Railway (TSE:CNR) Lifted 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 report published on Wednesday morning, 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 analysts have also commented on CNR. TD Securities upped their target price on Canadian National Railway from C$185.00 to C$190.00 and gave the company a hold rating in a research note on Wednesday, April 24th. Royal Bank of Canada upped their target price on Canadian National Railway from C$171.00 to C$172.00 and gave the company a sector perform rating in a research note on Wednesday, April 24th. Barclays upped their target price on Canadian National Railway from C$170.00 to C$175.00 in a research note on Thursday, April 4th. CIBC upped their target price on Canadian National Railway from C$177.00 to C$183.00 and gave the company a neutral rating in a research note on Wednesday, March 27th. Finally, Raymond James boosted their price target on Canadian National Railway from C$185.00 to C$190.00 and gave the company an outperform rating in a research report on Monday, April 22nd. One 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of C$184.00.

Canadian National Railway Stock Performance

TSE CNR opened at C$161.66 on Wednesday. Canadian National Railway has a fifty-two week low of C$143.13 and a fifty-two week high of C$181.34. The stock has a market cap of C$102.85 billion, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 2.06 and a beta of 0.66. The business has a fifty day moving average of C$169.50 and a 200-day moving average of C$171.00. 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 (TSE:CNR) (NYSE:CNI) last released its quarterly 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. The company had revenue of C$4.25 billion during the quarter, compared to analysts’ expectations of C$4.29 billion. Canadian National Railway had a return on equity of 27.06% and a net margin of 32.86%. As a group, analysts predict that Canadian National Railway will post 7.7897884 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

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

Insider Transactions at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder bought 544 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was bought at an average price of C$160.21 per share, with a total value of C$87,156.42. Company 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.