Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI - Equities research analysts at National Bank Financial cut their FY2024 EPS estimates for Canadian National Railway in a research report issued to clients and investors on Monday, January 13th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $7.20 per share for the year, down from their prior estimate 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.
Other equities analysts have also recently issued reports about the stock. Royal Bank of Canada upgraded shares of Canadian National Railway from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from C$169.00 to C$179.00 in a research report on Thursday, October 10th. Sanford C. Bernstein lowered their price objective on shares of Canadian National Railway from C$179.00 to C$173.00 in a research report on Wednesday, October 9th. TD Securities raised Canadian National Railway from a "hold" rating to a "buy" rating and reduced their target price for the company from C$175.00 to C$170.00 in a report on Monday. ATB Capital boosted their price target on Canadian National Railway from C$167.00 to C$168.00 in a report on Wednesday, October 23rd. Finally, National Bankshares reduced 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 research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$170.73.
Check Out Our Latest Analysis on CNR
Canadian National Railway Price Performance
CNR stock traded up C$2.48 during midday trading on Wednesday, reaching C$146.80. The company had a trading volume of 907,853 shares, compared to its average volume of 1,006,320. Canadian National Railway has a 1-year low of C$143.18 and a 1-year high of C$181.34. The stock has a 50 day moving average price of C$150.19 and a 200-day moving average price of C$155.38. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. The company has a market capitalization of C$92.41 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65.
Canadian National Railway Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were issued a dividend of $0.845 per share. The ex-dividend date was Monday, December 9th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.30%. Canadian National Railway's dividend payout ratio (DPR) is presently 40.14%.
Insider Buying and Selling
In related news, Director Shauneen Elizabeth Bruder acquired 608 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average cost of C$145.24 per share, with a total value of C$88,307.74. Also, Director David Lund Freeman bought 1,000 shares of Canadian National Railway stock in a transaction that occurred on Thursday, October 24th. The stock was bought at an average price of C$152.57 per share, for a total transaction of C$152,572.80. Insiders have acquired a total of 6,694 shares of company stock valued at $1,005,958 over the last 90 days. 2.64% of the stock is owned by insiders.
About Canadian National Railway
(
Get Free Report)
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.
Read More
Before you consider Canadian National Railway, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canadian National Railway wasn't on the list.
While Canadian National Railway currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
