TSE:CNR FY2024 EPS Forecast Reduced by Atb Cap Markets

Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI - Analysts at Atb Cap Markets cut their FY2024 earnings per share estimates for Canadian National Railway in a research note issued on Tuesday, October 22nd. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings of $7.35 per share for the year, down from their prior estimate of $7.53. The consensus estimate for Canadian National Railway's current full-year earnings is $8.26 per share. Atb Cap Markets also issued estimates for Canadian National Railway's Q4 2024 earnings at $2.07 EPS, Q2 2025 earnings at $2.04 EPS, Q3 2025 earnings at $1.98 EPS, Q4 2025 earnings at $2.33 EPS, Q1 2026 earnings at $2.12 EPS, Q2 2026 earnings at $2.28 EPS and FY2026 earnings at $9.20 EPS.

A number of other research analysts have also recently commented on CNR. National Bank Financial upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 26th. Raymond James reduced their price objective on Canadian National Railway from C$187.00 to C$180.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 11th. Scotiabank reduced their price objective on Canadian National Railway from C$187.00 to C$180.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 11th. Sanford C. Bernstein reduced their price objective on Canadian National Railway from C$179.00 to C$173.00 in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. cut their price target on Canadian National Railway from C$176.00 to C$169.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Canadian National Railway currently has a consensus rating of "Hold" and a consensus target price of C$171.07.

Canadian National Railway Stock Down 1.0 %

Shares of CNR traded down C$1.55 during midday trading on Thursday, reaching C$153.52. 1,051,145 shares of the company were exchanged, compared to its average volume of 1,110,862. The stock has a 50-day moving average price of C$157.27 and a 200-day moving average price of C$164.33. The company has a market cap of C$96.64 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 1-year low of C$143.16 and a 1-year high of C$181.34. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI last issued its quarterly earnings data on Tuesday, July 23rd. The company reported C$1.84 EPS for the quarter, missing analysts' consensus estimates of C$1.93 by C($0.09). The company had revenue of C$4.33 billion for the quarter, compared to analyst estimates of C$4.40 billion. Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%.

Insider Activity

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 543 shares of Canadian National Railway stock in a transaction dated Wednesday, September 25th. The stock was bought at an average price of C$157.53 per share, for a total transaction of C$85,539.88. In related news, Director Shauneen Elizabeth Bruder purchased 543 shares of the company's stock in a transaction dated Wednesday, September 25th. The shares were acquired at an average cost of C$157.53 per share, with a total value of C$85,539.88. Also, Director Susan C. Jones purchased 1,230 shares of the company's stock in a transaction dated Tuesday, September 17th. The stock was bought at an average cost of C$162.05 per share, for a total transaction of C$199,324.82. Insiders acquired 4,383 shares of company stock worth $585,772 over the last quarter. Corporate insiders own 2.64% of the company's stock.

Canadian National Railway Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be issued a $0.845 dividend. The ex-dividend date is Monday, December 9th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.20%. Canadian National Railway's 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.