TSE:CNR FY2024 EPS Reduced by National Bank Financial

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Equities research analysts at National Bank Financial reduced their FY2024 earnings per share (EPS) estimates for Canadian National Railway in a report issued on Monday, January 13th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings per share of $7.20 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 recently commented on the stock. Sanford C. Bernstein cut their price target on shares of Canadian National Railway from C$179.00 to C$173.00 in a report on Wednesday, October 9th. Barclays cut their target price on Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating on the stock in a research note on Wednesday, September 25th. ATB Capital lifted their target price on Canadian National Railway from C$167.00 to C$168.00 in a report on Wednesday, October 23rd. TD Securities raised Canadian National Railway from a “hold” rating to a “buy” rating and lowered their price target for the company from C$175.00 to C$170.00 in a report on Monday. Finally, Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$170.73.

Canadian National Railway Stock Performance

Shares of CNR stock opened at C$143.91 on Wednesday. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63. The company has a market capitalization of C$90.59 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. Canadian National Railway has a one year low of C$143.18 and a one year high of C$181.34. The company’s 50-day moving average is C$150.44 and its 200 day moving average is C$155.46.

Insider Transactions at Canadian National Railway

In other news, Director David Lund Freeman purchased 1,000 shares of the stock in a transaction on Thursday, October 24th. The shares were acquired at an average price of C$152.57 per share, with a total value of C$152,572.80. Also, Director Shauneen Elizabeth Bruder purchased 608 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of C$145.24 per share, with a total value of C$88,307.74. Insiders have acquired 6,694 shares of company stock worth $1,005,958 in the last 90 days. 2.64% of the stock is currently owned by insiders.

Canadian National Railway Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were given a $0.845 dividend. The ex-dividend date was Monday, December 9th. This represents a $3.38 annualized dividend and a yield of 2.35%. Canadian National Railway’s payout ratio is presently 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.