FY2024 EPS Estimates for TSE:CNR Decreased by Analyst

Canadian National Railway (TSE:CNR) (NYSE:CNI) – National Bank Financial reduced their FY2024 earnings estimates for Canadian National Railway in a note issued to investors on Tuesday, December 3rd. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings of $7.34 per share for the year, down from their prior forecast of $7.46. 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 $2.06 EPS, Q1 2025 earnings at $1.78 EPS, Q2 2025 earnings at $1.96 EPS, Q3 2025 earnings at $2.02 EPS, Q4 2025 earnings at $2.33 EPS, FY2025 earnings at $8.08 EPS and FY2026 earnings at $9.06 EPS.

Other equities analysts have also issued reports about the stock. Sanford C. Bernstein cut their price objective on shares of Canadian National Railway from C$179.00 to C$173.00 in a report on Wednesday, October 9th. CIBC cut their price objective on shares of Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Desjardins cut their price objective on shares of Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. ATB Capital increased their price objective on shares of Canadian National Railway from C$167.00 to C$168.00 in a report on Wednesday, October 23rd. Finally, Barclays lowered their target price on shares of Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating for the company in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$171.07.

Canadian National Railway Price Performance

Shares of CNR stock opened at C$153.35 on Thursday. Canadian National Railway has a 1 year low of C$147.35 and a 1 year high of C$181.34. The firm’s 50 day moving average is C$155.00 and its 200-day moving average is C$160.07. The firm has a market capitalization of C$96.53 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 3.38 and a beta of 0.65. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62.

Insider Activity

In other Canadian National Railway news, Senior Officer Ghislain Houle sold 5,741 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of C$150.82, for a total transaction of C$865,844.99. Also, Director Shauneen Elizabeth Bruder purchased 543 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were acquired at an average price of C$157.53 per share, with a total value of C$85,539.88. Insiders purchased 7,859 shares of company stock worth $1,202,515 in the last quarter. 2.64% of the stock is owned by corporate insiders.

Canadian National Railway Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a $0.845 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $3.38 annualized dividend and a dividend yield of 2.20%. Canadian National Railway’s dividend payout ratio is currently 40.14%.

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.