TSE:CNR FY2024 EPS Decreased by National Bank Financial

Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI - Analysts at National Bank Financial reduced their FY2024 earnings per share (EPS) estimates for shares of Canadian National Railway in a report released on Monday, January 13th. National Bank Financial analyst C. Doerksen now anticipates 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 analysts have also recently commented on CNR. Barclays cut their price target 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. Wells Fargo & Company upgraded shares of Canadian National Railway from an "equal weight" rating to an "overweight" rating in a research report on Monday, October 7th. Citigroup upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 12th. Royal Bank of Canada upgraded Canadian National Railway from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from C$169.00 to C$179.00 in a report on Thursday, October 10th. Finally, National Bankshares decreased their price objective on Canadian National Railway from C$181.00 to C$178.00 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of C$170.73.

Canadian National Railway Price Performance

Shares of CNR stock traded up C$0.41 during trading on Wednesday, hitting C$144.32. The company had a trading volume of 818,075 shares, compared to its average volume of 1,016,167. The stock's 50-day moving average is C$150.44 and its two-hundred day moving average is C$155.46. The stock has a market capitalization of C$90.85 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62. Canadian National Railway has a 52 week low of C$143.18 and a 52 week high of C$181.34.

Insiders Place Their Bets

In related news, Director Josephine Ann Marie Depass Olsovsky bought 1,786 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was purchased at an average cost of C$154.93 per share, with a total value of C$276,697.30. Also, Senior Officer Ghislain Houle sold 5,741 shares of Canadian National Railway stock in a transaction dated Friday, November 1st. The shares were sold at an average price of C$150.82, for a total transaction of C$865,844.99. In the last 90 days, insiders acquired 6,694 shares of company stock worth $1,005,958. 2.64% of the stock is currently owned by company insiders.

Canadian National Railway Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were issued a $0.845 dividend. This represents a $3.38 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Monday, December 9th. Canadian National Railway's dividend payout ratio (DPR) 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.